Your Complete Guide to Timken Co.'s First-Quarter Earnings
The Timken Company recently reported adjusted earnings per share of $0.88, beating earnings estimates by 10%. While the company beat on the bottom line, it missed on revenue, trailing estimates by 2.5%. Lastly, Timken raised previous adjusted earnings per share guidance by 14% to $3.60-$3.90. Currently Wall Street is predicting full year adjusted earnings of $3.67 per share, and this increased guidance looks to be the primary driver of the share rally post earnings.
While the usual Wall Street numbers are important for Timken investors to focus on, they don't tell the whole story. In the video below, Motley Fool analyst Blake Bos explains to investors the fundamentals driving current and future results at Timken. He'll also cover the company's upcoming spin-off and an award the company recently received that should make shareholders happy.
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The article Your Complete Guide to Timken Co.'s First-Quarter Earnings originally appeared on Fool.com.Blake Bos owns shares of The Timken Company. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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