PITTSBURGH (AP) _ Kennametal Inc. (KMT) on Monday reported a fiscal first-quarter loss of $21.7 million, after reporting a profit in the same period a year earlier.

The Pittsburgh-based company said it had a loss of 26 cents per share. Earnings, adjusted for restructuring costs, came to 3 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The engineered products maker posted revenue of $400.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $384.9 million.

Kennametal shares have declined 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.68, a rise of almost 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMT at https://www.zacks.com/ap/KMT

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