Here's Why Kennametal Stock Soared Today

Shares in metal cutting and tools company Kennametal (NYSE: KMT) rose by as much as 14.4% by 11 a.m. this morning. The move came after the company released upbeat second-quarter earnings. Here's the lowdown. Kennametal beat expectations The company generates 46% of its revenue from the general engineering end market, and then mid-teens percentages from transportation, aerospace & defense, energy, and earthworks, respectively. Given that kind of exposure and the general weakness in the industrial sector, it ...