Regal Beloit Corporation Announces Third Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- 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
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Regal-Beloit (RBC) Tops Q3 EPS by 2c, Revenues Miss; Lowers FY19 EPS Guidance
November 4, 2019 7:06 AM ESTRegal-Beloit (NYSE: RBC) reported Q3 EPS of $1.35, $0.02 better than the analyst estimate of $1.33. Revenue for the quarter came in at $772.3 million versus the consensus estimate of $809.15 million.
Key financial results for the third quarter 2019 included:
Total net sales of $772.3 million decreased 16.5% from the prior year and included a negative 0.7% impact from foreign currency and a negative 6.2% impact from businesses divested/to be exited. The result was a negative organic sales growth rate of 9.6%.Income from operations was $72.8 million or 9.4% of net sales, up 190 basis points from prior year. Adjusted income from... More