Kaman: 2Q Earnings Snapshot
BLOOMFIELD, Conn. (AP) _ Kaman Corp. (KAMN) on Wednesday reported second-quarter profit of $15.1 million.
On a per-share basis, the Bloomfield, Connecticut-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The industrial distribution aircraft components company posted revenue of $468.1 million in the period.
Kaman shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $65.45, a rise of 28 percent in the last 12 months.