Timken: Q2 Earnings Snapshot

Associated Press Finance
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NORTH CANTON, Ohio (AP) — NORTH CANTON, Ohio (AP) — Timken Co. (TKR) on Thursday reported second-quarter earnings of $125.2 million.

The North Canton, Ohio-based company said it had net income of $1.73 per share. Earnings, adjusted for one-time gains and costs, were $2.01 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The maker of bearings and power transmissions posted revenue of $1.27 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.29 billion.

Timken expects full-year earnings in the range of $6.90 to $7.30 per share.

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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

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