Timken Co. Q1 adjusted earnings Beat Estimates

(RTTNews) - Timken Co. (TKR) revealed a profit for its first quarter that rose from last year.

The company's profit came in at $80.2 million, or $1.02 per share. This compares with $38.2 million, or $0.48 per share, in last year's first quarter.

Excluding items, Timken Co. reported adjusted earnings of $80.0 million or $1.01 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.5% to $883.1 million from $703.8 million last year.

Timken Co. earnings at a glance:

-Earnings (Q1): $80.0 Mln. vs. $43.7 Mln. last year. -EPS (Q1): $1.01 vs. $0.55 last year. -Analysts Estimate: $0.84 -Revenue (Q1): $883.1 Mln vs. $703.8 Mln last year.

-Guidance: Full year EPS guidance: $3.90 to $4.00