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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.