Regal-Beloit (RBC) Tops Q2 EPS by 2c; Updates Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Regal Beloit Corporation Announces Second Quarter 2016 Financial Results
August 8, 2016 4:15 PM EDTBELOIT, Wis., Aug. 8, 2016 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported second quarter 2016 diluted earnings per share of $1.26. Second quarter 2016 adjusted diluted earnings per share* were $1.14.
Key financial results for the second quarter 2016 included:
Total net sales of $838.6 million decreased 11.0% from the prior year and included a negative 1.0% foreign currency translation impact and a negative 0.2% divestiture impact. Operating profit of $91.4 million decreased 11.4% from the prior year benefitting from the gain on sale of the Mastergear business. Adjusted operating profit of $81.5 million decreased 27.5% from... More