Why Hexcel Stock Crashed After Earnings
Yahoo Finance ·
Hexcel Corp ( HXL -12.27% ) stock tumbled 11.8% through 10:20 a.m. ET Thursday after reporting earnings last night. Heading into the company's Q3 report, analysts predicted the company, which manufactures carbon fiber composite materials and even entire airplane parts , would earn $0.49 per share on $501.8 million in sales. Hexcel beat the earnings forecast by a penny, earning $0.50 per share, but its sales came up short at $496.4 million.
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