MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Tuesday reported second-quarter earnings of $79.2 million.
On a per-share basis, the Milwaukee-based company said it had profit of $1.19. Earnings, adjusted for one-time gains and costs, were $2.48 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The maker of controls for electric motors posted revenue of $1.5 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion.
Regal Rexnord expects full-year earnings in the range of $9.70 to $10.30 per share.
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