RBC Bearings: Fiscal Q2 Earnings Snapshot
By AP News
Published - Nov 01, 2024, 08:15 AM ET
Last Updated - Dec 16, 2024, 05:45 PM EST
OXFORD, Conn. (AP) — OXFORD, Conn. (AP) — RBC Bearings Inc. (RBC) on Friday reported fiscal second-quarter earnings of $54.2 million.
On a per-share basis, the Oxford, Connecticut-based company said it had profit of $1.65. Earnings, adjusted for one-time gains and costs, were $2.29 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The maker of bearings and components posted revenue of $397.9 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $401 million.
