India, July 31 -- Carpenter Technology Corp. (CRS) shares were losing around 6 percent in the morning trading on the NYSE, after the company's fourth-quarter revenues declined from last year, and missed the market estimates, even as profit beat Street.
Further, the company issued operating income outlook for the first quarter and fiscal 2026, expecting growth ahead.
Looking ahead, for first quarter of fiscal year 2026, the company anticipates between $148 million to $152 million in operating income.
For the year 2026, operating income is projected to be in the range of $660 million to $700 million, representing a 26 percent to 33 percent increase over last year's adjusted operating income.
Carpenter Technology added that it remains on t...