Kennametal Announces Fiscal 2016 Third Quarter Results
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UPDATE: Stifel Moves to Sideline on Kennametal (KMT); Stock Downgraded to 'Hold'
May 4, 2016 8:05 AM EDT(Updated - May 4, 2016 1:28 PM EDT)
Stifel downgraded Kennametal (NYSE: KMT) from Buy to Hold and removed its price target (prior $22). The change follows the release of better than expected March earnings and improved guidance.
"While an increase from our prior $22... More
Kennametal (KMT) Tops Q3 EPS by 14c, Raises FY Guidance
May 2, 2016 5:30 PM EDTKennametal (NYSE: KMT) reported Q3 EPS of $0.37, $0.14 better than the analyst estimate of $0.23. Revenue for the quarter came in at $497 million versus the consensus estimate of $487.25 million.
GUIDANCE:
Kennametal sees FY2016 EPS of $1.05-$1.15, versus prior guidance of $0.85-$1.05 and... More
