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Timken: 4Q Earnings Snapshot

NORTH CANTON, Ohio (AP) _ Timken Co. (TKR) on Thursday reported fourth-quarter net income of $60 million.

On a per-share basis, the North Canton, Ohio-based company said it had net income of 77 cents. Earnings, adjusted for one-time gains and costs, were $1 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The maker of bearings and power transmissions posted revenue of $910.1 million in the period.

For the year, the company reported profit of $302.8 million, or $3.86 per share. Revenue was reported as $3.58 billion.

Timken expects full-year earnings in the range of $4.70 to $4.90 per share.

Timken shares have increased 17 percent since the beginning of the year. The stock has decreased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TKR at https://www.zacks.com/ap/TKR