Movement Alert｜Hexcel Falls 9.64% in Regular Trading, Full-Year Guidance Kept Unchanged After Q3 Report

Market Focus10-23

On October 23, Hexcel fell 9.64% in Regular Trading, trading near $81.14 per share, with turnover of $333 million.

The move followed the company’s latest quarterly report: adjusted EPS for the third quarter came in at $0.50, slightly above the $0.49 consensus, while revenue rose to $496.4 million but missed expectations of about $501.9 million.

More importantly, Hexcel maintained full-year adjusted EPS guidance at $2.30 to $2.40 and revenue guidance at $2.025 billion to $2.125 billion. That left the high end of earnings guidance slightly below the $2.41 market expectation, while the revenue range bracketed consensus near $2.093 billion. The unchanged outlook appears to have outweighed the modest EPS beat and became the main pressure point for the stock. The quarterly dividend was also maintained at $0.18 per share.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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