BUZZ – Kenna Metal's stock rises after raising annual profit forecast

November 4 - ** Shares of cutting tool and engineering component manufacturer Kennametal (stock code: KMT.N) rose 4.4% in pre-market trading to $31.87

** Boosted by stable tungsten prices, the company raised its annual adjusted profit forecast

** The company expects adjusted earnings per share for fiscal year 2027 to be between $5 and $6, previously projected at $4.15 to $5.15

** The report shows first-quarter earnings per share at $3.48, compared to 30 cents per share in the same period last year

** First-quarter sales jumped 54.3% year-on-year to $768.19 million

** "KMT's performance exceeded expectations because the pass-through effect of rising tungsten prices in both business segments drove strong margins, far surpassing market expectations" — Jefferies

** As of the close of the last trading day, the stock was up 7.5% year to date

(To facilitate non-English speakers, Reuters provides automated translations of its reports into several languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text, which is offered solely for reader convenience. Reuters assumes no responsibility for any damage or loss arising from the use of this automated translation service.)