Timken Co. Q2 adjusted earnings Beat Estimates

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(RTTNews.com) - Timken Co. ( TKR ) reported a profit for its second quarter that increased from last year.

The company's profit came in at $91.0 million, or $1.16 per share. This compares with $82.5 million, or $1.04 per share, in last year's second quarter.

Excluding items, Timken Co. reported adjusted earnings of $87.2 million or $1.11 per share for the period.

Analysts had expected the company to earn $1.08	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.7% to $906.3 million from $750.6 million last year.

Timken Co. earnings at a glance:

-Earnings (Q2): $87.2 Mln. vs. $54.0 Mln. last year. -EPS (Q2): $1.11 vs. $0.68 last year. -Analysts Estimate: $1.08

-Revenue (Q2): $906.3 Mln vs. $750.6 Mln last year.


Full year EPS guidance: $4.10 - $4.20

For comments and feedback: contact editorial@rttnews.com


This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: TKR ,

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