Timken (TKR) Misses Q3 EPS by 1c, Revenues Miss; Boost FY18 EPS Mid-Point Outlook Above Consensus

Timken (NYSE: TKR) reported Q3 EPS of $1.06, $0.01 worse than the analyst estimate of $1.07. Revenue for the quarter came in at $881.3 million versus the consensus estimate of $914.18 million.

"Looking ahead to the fourth quarter, our markets remain strong, and we continue to execute well and advance the company's strategy," said Kyle. "As a result, we have modestly increased our earnings outlook for the year, and we are planning for our strong execution and positive market momentum to carry into 2019."

GUIDANCE:

Timken sees FY2018 EPS of $4.18-$4.23, versus the consensus of $4.19.

For earnings history and earnings-related data on Timken (TKR) click here.

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