UPDATE 1-Hexcel Q1 profit beats Street view

lunes 27 de abril de 2009 23:44 CEST

* Q1 EPS $0.24 vs est $0.19

* Revenue of $307.3 mln lags Street

* Reaffirms 2009 capex of less than $100 mln

* Sees 2010 capex of no more than $125 mln

April 27 (Reuters) - Hexcel Corp (HXL.N: Cotización), a maker of structural materials for the aerospace industry, posted quarterly profit above market estimates, helped by sales growth at its space and defense and wind energy markets.

For the first quarter, net income was $23.4 million, or 24 cents a share, compared with $23.2 million, or 24 cents a share, a year ago.

Net sales fell 11 percent to $307.3 million.

Analysts on average expected the company to earn 19 cents a share, before special items, on revenue of $334.5 million, according to Reuters Estimates.

Hexcel, which supplies composite materials for Boeing's (BA.N: Cotización) 787 Dreamliner plane, said its previous forecast for flat to modest revenue growth in 2009 seemed "too optimistic."   Continuación...