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TimkenSteel: 1Q Earnings Snapshot

CANTON, Ohio (AP) _ TimkenSteel Corp. (TMST) on Thursday reported first-quarter net income of $4.2 million, after reporting a loss in the same period a year earlier.

The Canton, Ohio-based company said it had profit of 9 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The maker of steel large bars and seamless mechanical tubing posted revenue of $371 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $379.3 million.

TimkenSteel shares have climbed 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.81, a decline of 41% 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 TMST at https://www.zacks.com/ap/TMST