MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Wednesday reported third-quarter earnings of $79.6 million.
On a per-share basis, the Milwaukee-based company said it had profit of $1.20. Earnings, adjusted for one-time gains and costs, were $2.51 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.56 per share.
The maker of controls for electric motors posted revenue of $1.5 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion.
Regal Rexnord expects full-year earnings in the range of $9.50 to $9.80 per share.
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