Timken: Q2 Earnings Snapshot

Associated Press Finance
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NORTH CANTON, Ohio (AP) — NORTH CANTON, Ohio (AP) — Timken Co. (TKR) on Wednesday reported second-quarter earnings of $96.2 million.

On a per-share basis, the North Canton, Ohio-based company said it had net income of $1.36. Earnings, adjusted for one-time gains and costs, were $1.63 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The maker of bearings and power transmissions posted revenue of $1.18 billion in the period, matching Street forecasts.

Timken expects full-year earnings in the range of $6 to $6.20 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