Regal Beloit Corp. (RBC) reported that its first-quarter net income attributable to the company of $49.5 million from $48.7 million in the year ago quarter. However, per share earnings for the first quarter were $1.09 compared to $1.16 for the same quarter of 2012, reflecting higher share count.
Adjusted net income for the quarter was $1.08 per share, down from $1.15 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, net sales for the first quarter 2013 were $778.2 million, down from $807.9 million for the quarter of 2012. Eleven analysts had a consensus revenue estimate of $804.27 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.