RBC Bearings Incorporated Q3 Profit Increases, Beats Estimates

RBC Bearings

361.57 USD -1.00%

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Kaufen / Verkaufen

(RTTNews) - RBC Bearings Incorporated (RBC) reported earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $56.9 million, or $1.82 per share. This compares with $40.8 million, or $1.39 per share, last year.

Excluding items, RBC Bearings Incorporated reported adjusted earnings of $73.0 million or $2.34 per share for the period.

Analysts on average had expected the company to earn $2.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.5% to $394.4 million from $373.9 million last year.

RBC Bearings Incorporated earnings at a glance (GAAP) :

-Earnings: $56.9 Mln. vs. $40.8 Mln. last year. -EPS: $1.82 vs. $1.39 last year. -Revenue: $394.4 Mln vs. $373.9 Mln last year.

-Guidance: Next quarter revenue guidance: $434.0 - $444.0 Mln