(RTTNews) - Timken Co. (TKR) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $71.2 million, or $1.01 per share. This compares with $58.7 million, or $0.83 per share, last year.
Excluding items, Timken Co. reported adjusted earnings of $81.5 million or $1.16 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.6% to $1.073 billion from $1.091 billion last year.
Timken Co. earnings at a glance (GAAP) :
-Earnings: $71.2 Mln. vs. $58.7 Mln. last year. -EPS: $1.01 vs. $0.83 last year. -Revenue: $1.073 Bln vs. $1.091 Bln last year.
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