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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.


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