Timken Co. Q3 adjusted earnings Miss Estimates

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

The company's profit totaled $71.6 million, or $0.91 per share. This compares with $53.5 million, or $0.68 per share, in last year's third quarter.

Excluding items, Timken Co. reported adjusted earnings of $82.9 million or $1.06 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $881.3 million from $771.4 million last year.

Timken Co. earnings at a glance:

-Earnings (Q3): $82.9 Mln. vs. $55.9 Mln. last year. -EPS (Q3): $1.06 vs. $0.71 last year. -Analysts Estimate: $1.07 -Revenue (Q3): $881.3 Mln vs. $771.4 Mln last year.

-Guidance: Full year EPS guidance: $4.18 - $4.23