OXFORD, Conn. (AP) — OXFORD, Conn. (AP) — RBC Bearings Inc. (RBC) on Friday reported fiscal third-quarter net income of $57.9 million.
On a per-share basis, the Oxford, Connecticut-based company said it had profit of $1.82. Earnings, adjusted for one-time gains and costs, were $2.34 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The maker of bearings and components posted revenue of $394.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $393.7 million.
For the current quarter ending in March, RBC Bearings said it expects revenue in the range of $434 million to $444 million.
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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 RBC at https://www.zacks.com/ap/RBC
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