Regal Beloit: Q4 Earnings Snapshot

BELOIT, Wis. (AP) _ Regal Beloit Corp. (RRX) on Wednesday reported fourth-quarter profit of $101.5 million.

On a per-share basis, the Beloit, Wisconsin-based company said it had profit of $1.53. Earnings, adjusted for one-time gains and costs, were $2.64 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.

The maker of controls for electric motors posted revenue of $1.24 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.26 billion.

For the year, the company reported profit of $488.9 million, or $7.29 per share. Revenue was reported as $5.22 billion.

Regal Beloit expects full-year earnings in the range of $10.05 to $10.85 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RRX">Zacks stock report on RRX at https://www.zacks.com/ap/RRX