RBC Bearings (ROLL) Tops Q2 EPS by 1c

November 3, 2016 8:13 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

RBC Bearings (NASDAQ: ROLL) reported Q2 EPS of $0.78, $0.01 better than the analyst estimate of $0.77. Revenue for the quarter came in at $153.9 million versus the consensus estimate of $153.26 million.

“We are pleased with the operating performance during the second quarter as well as the outlook for the year,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “We are seeing solid customer acceptance of our aerospace and defense products which is leading to a number of large opportunities for the business and provides an excellent path for OEM aerospace growth in future years. We were also able to achieve industrial sales growth during the quarter as our stronger demand markets continued to offset areas of weakness in some of the various segments we serve.”

For earnings history and earnings-related data on RBC Bearings (ROLL) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Management Comments

Related Entities


Add Your Comment