News: Kennametal Inc. (KMT.N)

KMT.N on New York Stock Exchange

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Fri, Oct 30 2009

UPDATE 2-Sandvik sees stability, Q3 loss smaller than f'cast

* Says demand weak in Europe, N America, better in Asia (Adds analyst comment, background)

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UPDATE 2-Kennametal beats Street, shares rise

NEW YORK, Oct 29 (Reuters) - Tool maker Kennametal Inc reported a third consecutive quarterly net loss, reflecting weak global industrial activity, but results beat expectations and the company raised its full-year profit forecast, sending shares up 7 percent.

Manufacturers' results top view, outlook cautious

NEW YORK/CHICAGO (Reuters) - A handful of diversified U.S. manufacturers posted results that topped Wall Street estimates, boosting investor confidence as they coped with the worst recession in decades.

WRAPUP 1-Manufacturers' results top view, outlook cautious

* Qtrly results at Tyco, Cummins, Parker top Wall St view

UPDATE 2-Kennametal loss, outlook top forecasts

NEW YORK, July 30 (Reuters) - Industrial tool maker Kennametal Inc posted its second consecutive quarterly loss on Thursday and predicted weak demand would persist for the next two quarters, but results beat expectations.

PREVIEW-US producer earnings eyed for signs of stabilization

* US manufacturers report results over the next few weeks

Wall St futures point to higher start after Alcoa

* Dow Jones futures rose 0.7 percent by 0835 GMT, S&P futures gained 0.9 percent and Nasdaq futures ticked up 0.6 percent, pointing to a higher start for Wall Street's main stock market indexes on Thursday.

AFTER THE BELL-Kennametal falls after stock offer, shelf

NEW YORK, July 8 (Reuters) - Kennametal Inc shares fell 4.5 percent to $16.38 in extended trade after the industrial tool maker said it would offer 6.5 million shares of common stock and filed a mixed securities shelf registration.

UPDATE 1-Kennametal posts 3rd-quarter net loss

NEW YORK, April 24 (Reuters) - Industrial tool maker Kennametal Inc flipped to a loss in its fiscal third quarter, citing particular weakness in Europe. It also predicted its current quarter would be even weaker and said it was taking further steps to cut costs.

Kennametal cuts quarterly earnings estimate

NEW YORK, April 15 (Reuters) - Kennametal Inc , which makes industrial tools and specialty metals, cut its quarterly profit estimate, citing a a steeper-than-expected downturn in global markets, especially Europe, and said it would speed up restructuring efforts.

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