Timken Co. (TKR) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $81.8 million, or $1.16 per share. This compares with $87.9 million, or $1.23 per share, in last year's third quarter.
Excluding items, Timken Co. reported adjusted earnings of $87.0 million or $1.23 per share for the period.
Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.4% to $1.126 billion from $1.142 billion last year.
Timken Co. earnings at a glance (GAAP) :
-Earnings (Q3): $81.8 Mln. vs. $87.9 Mln. last year.-EPS (Q3): $1.16 vs. $1.23 last year.-Revenue (Q3): $1.126 Bln vs. $1.142 Bln last year.
-Guidance:Full year EPS guidance: $5.55 to $5.65
For comments and feedback contact: editorial@rttnews.com
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.