Kennametal: Fiscal Q1 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — Kennametal Inc. (KMT) on Wednesday reported fiscal first-quarter profit of $271.6 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $3.48.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.

The engineered products maker posted revenue of $768.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $780.6 million.

For the current quarter ending in December, Kennametal expects its per-share earnings to range from $1.20 to $1.50.

The company said it expects revenue in the range of $785 million to $815 million for the fiscal second quarter.

Kennametal expects full-year earnings in the range of $5 to $6 per share, with revenue ranging from $3.33 billion to $3.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMT at https://www.zacks.com/ap/KMT