logo
Plus   Neg
Share
Email

Timken Co. Q3 adjusted earnings Miss Estimates

Timken Co. (TKR) reported earnings for its third quarter that increased from the same period last year.

The company's profit totaled $71.6 million, or $0.91 per share. This compares with $53.5 million, or $0.68 per share, in last year's third quarter.

Excluding items, Timken Co. reported adjusted earnings of $82.9 million or $1.06 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $881.3 million from $771.4 million last year.

Timken Co. earnings at a glance:

-Earnings (Q3): $82.9 Mln. vs. $55.9 Mln. last year.
-EPS (Q3): $1.06 vs. $0.71 last year.
-Analysts Estimate: $1.07
-Revenue (Q3): $881.3 Mln vs. $771.4 Mln last year.

-Guidance:
Full year EPS guidance: $4.18 - $4.23

For comments and feedback contact: editorial@rttnews.com

Follow RTT