Timken Co. Q1 adjusted earnings Beat Estimates

(RTTNews) - Timken Co. (TKR) announced earnings for its first quarter that increased from the same period last year.

The company's profit totaled $91.9 million, or $1.19 per share. This compares with $80.2 million, or $1.02 per share, in last year's first quarter.

Excluding items, Timken Co. reported adjusted earnings of $104.2 million or $1.35 per share for the period.

Analysts had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $979.7 million from $883.1 million last year.

Timken Co. earnings at a glance:

-Earnings (Q1): $104.2 Mln. vs. $80.0 Mln. last year. -EPS (Q1): $1.35 vs. $1.01 last year. -Analysts Estimate: $1.22 -Revenue (Q1): $979.7 Mln vs. $883.1 Mln last year.

-Guidance: Full year revenue guidance: $5.15 - $5.35