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Timken Co. Q3 adjusted earnings Miss Estimates


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(RTTNews.com) - Timken Co. ( TKR ) reported earnings for its third quarter that increased from the same period last year.

The company's profit totaled $71.6 million, or $0.91 per share. This compares with $53.5 million, or $0.68 per share, in last year's third quarter.

Excluding items, Timken Co. reported adjusted earnings of $82.9 million or $1.06 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $881.3 million from $771.4 million last year.

Timken Co. earnings at a glance:


-Earnings (Q3): $82.9 Mln. vs. $55.9 Mln. last year.
-EPS (Q3): $1.06 vs. $0.71 last year.
-Analysts Estimate: $1.07
-Revenue (Q3): $881.3 Mln vs. $771.4 Mln last year.

<b>-Guidance</b>:

Full year EPS guidance: $4.18 - $4.23

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



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