Regal-Beloit (RBC) Reports In-Line Q3 EPS, Beats on Revenues; Offers FY17 EPS Outlook

Regal-Beloit (NYSE: RBC) reported Q3 EPS of $1.37, in-line with the analyst estimate of $1.37. Revenue for the quarter came in at $856.9 million versus the consensus estimate of $837.83 million.

2017 Outlook

"As we enter the fourth quarter, our overall order rate remains positive, and we expect continued organic sales growth. We are narrowing our 2017 adjusted diluted earnings per share guidance to $4.80 to $4.90," continued Mr. Gliebe.

GUIDANCE:

Regal-Beloit sees FY2017 EPS of $4.80-$4.90, versus the consensus of $4.85.

For earnings history and earnings-related data on Regal-Beloit (RBC) click here.

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