🔴 Carpenter Technology is trading 12.78% down in pre-market after fiscal Q1 revenue missed consensus

Carpenter Technology is trading at $321.12 (-12.78%) after fiscal Q1 revenue fell short of consensus.

• That compares with the $368.16 October 21 close.
• Results, reported before the open on October 22, showed $3.25 diluted EPS beating estimates, revenue of $798.2 million, operating income down 5% sequentially, and free cash flow of -$24.8 million.
• Major U.S. indexes and futures were lower amid geopolitical tensions; available evidence does not establish how much each factor contributed.