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Regal-Beloit Corp Earnings Drop 11% In Q3

Regal-Beloit Corp (RBC) announced a profit for third quarter that retreated compared to the same period last year.

The company said its bottom line declined to $89.7 million, or $1.31 per share. This was down from $101.3 million, or $1.43 per share, in last year's third quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.2% to $809.6 million. This was down from $882.3 million last year.

Regal-Beloit Corp earnings at a glance:

-Earnings (Q3): $89.7 Mln. vs. $101.3 Mln. last year.
-Earnings Decline (Y-o-Y): -11.5%
-EPS (Q3): $1.31 vs. $1.43 last year.
-EPS Decline (Y-o-Y): -8.4%
-Analysts Estimate: $1.25
-Revenue (Q3): $809.6 Mln vs. $882.3 Mln last year.
-Revenue Change (Y-o-Y): -8.2%

Next quarter EPS guidance: $4.40 - $4.50,

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