MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Monday reported first-quarter earnings of $57.3 million.
On a per-share basis, the Milwaukee-based company said it had profit of 86 cents. Earnings, adjusted for amortization costs and restructuring costs, came to $2.15 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The maker of controls for electric motors posted revenue of $1.42 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.37 billion.
Regal Rexnord expects full-year earnings in the range of $9.60 to $10.40 per share.
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