Thursday, The Timken Co. (TKR) said its third-quarter net loss attributable to the company was $50.12 million or $0.52 per share compared with a profit of $130.41 million or $1.35 per share in the prior year period.
Adjusted net income attributable to the company plunged to $5.24 million or $0.05 per share from $135.82 million or $1.40 per share in the year-ago period.
On average, 8 analysts polled by Thomson Reuters expected the company to report loss of $0.25 per share for the quarter.
Net sales for the quarter declined to $763.64 million from $1.33 billion in the comparable period. Four analysts estimated revenues of $770.68 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.