Kennametal (KMT -1%) gives back the day's early gains and more, despite reporting an FQ2 EPS...

|About: Kennametal Inc. (KMT)|By:, SA News Editor

Kennametal (KMT -1%) gives back the day's early gains and more, despite reporting an FQ2 EPS that easily beat estimates on double-digit growth in its aerospace and defense business. The company also raises its outlook for the fiscal year, saying it now expects to post earnings of between $3.70 - $3.90 per share versus a prior forecast of $3.60 - $3.85.