Rexnord (RXN) Reports In-Line Q2 EPS

Rexnord (NYSE: RXN) reported Q2 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $491 million versus the consensus estimate of $495.6 million.

GUIDANCE:

Rexnord sees FY2017 EPS of $1.32-$1.38, versus the consensus of $1.43.

• For the third quarter, we expect our net sales to be in a range of $453-463 million, GAAP earnings per share to be in a range of $0.12-0.15 and adjusted earnings per share to be in a range of $0.23-0.26.

For earnings history and earnings-related data on Rexnord (RXN) click here.

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