🔴 Hexcel is trading 10.74% down in pre-market after below-consensus full-year guidance

Hexcel is trading 10.74% down at $80.19 as investors reacted to full-year guidance midpoints below consensus.

• The October 21 Q3 report showed revenue of $496.4 million, below roughly $501.8 million consensus; adjusted EPS of $0.50 narrowly beat expectations.
• Defense and space revenue declined 8.7%, while hiring and training costs pressured margins. Strong commercial aerospace growth did not offset those concerns.
• Broader weakness added pressure: the S&P 500 was down 1.0% and the Nasdaq was down 1.8%.