Thursday, Regal Beloit Corp. (RBC) raised its third-quarter earnings guidance to the range of $0.80 - $0.85 per share from the prior expected range of $0.60 - $0.68 per share. On average, 10 analysts polled by Thomson Reuters currently expect the company to earn $0.65 per share for the quarter. Analysts' estimates typically exclude special items.
Third quarter revenue is expected to decline approximately 25%, compared to the year ago quarter, which is consistent with the prior guidance. Analysts currently expects the company to report revenue of $473.19 million for the quarter.
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