Regal Beloit Corporation Announces Second Quarter 2019 Financial Results
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 (RBC) Misses Q2 EPS by 10c, Lowers FY Guidance
August 5, 2019 4:12 PM EDTRegal-Beloit (NYSE: RBC) reported Q2 EPS of $1.52, $0.10 worse than the analyst estimate of $1.62. Revenue for the quarter came in at $873.7 million versus the consensus estimate of $903.1 million.
GUIDANCE:
Regal-Beloit sees FY2019 EPS of $5.50-$5.80, versus the consensus of $6.26.
"We are reducing our... More