Regal Beloit Corp. (RBC) reported first quarter adjusted EPS of $1.08 after the close Tuesday, down from $1.15 in the prior year period. The consensus estimate was for EPS of $1.15.
Regal Beloit gapped open sharply lower Wednesday and is now down 13.69 at $64.93 on strong volume. The stock has plunged to a 5 1/2 month low.
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