12:51 PM EDT, 05/01/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Carpenter Technology's ( CRS ) shares were up 10.7% in recent Wednesday trading after the company reported fiscal Q3 adjusted earnings of $1.19 per diluted share, up from $0.38 a year earlier.

Four analysts polled by Capital IQ expected $0.94.

Net sales for the quarter that ended March 31 were $684.9 million, down from $690.1 million a year ago. The analysts surveyed by Capital IQ expected $707.7 million.

Price: 94.90, Change: +9.20, Percent Change: +10.74