RBC Bearings: Fiscal 1Q Earnings Snapshot

August 2, 2018

OXFORD, Conn. (AP) _ RBC Bearings Inc. (ROLL) on Thursday reported fiscal first-quarter profit of $27.5 million.

On a per-share basis, the Oxford, Connecticut-based company said it had profit of $1.12. Earnings, adjusted for non-recurring costs, came to $1.15 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The maker of bearings and components posted revenue of $176 million in the period, which matched Street forecasts.

For the current quarter ending in October, RBC Bearings said it expects revenue in the range of $171 million to $174 million.

RBC Bearings shares have risen 14 percent since the beginning of the year. The stock has risen 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROLL at https://www.zacks.com/ap/ROLL

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