Timken Co. Q4 adjusted earnings Miss Estimates

(RTTNews) - Timken Co. (TKR) released a profit for its fourth quarter that advanced from the same period last year.

The company's earnings came in at $60.0 million, or $0.77 per share. This compares with $29.2 million, or $0.37 per share, in last year's fourth quarter.

Excluding items, Timken Co. reported adjusted earnings of $77.4 million or $1.00 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.0% to $910.1 million from $778.0 million last year.

Timken Co. earnings at a glance:

-Earnings (Q4): $77.4 Mln. vs. $53.9 Mln. last year. -EPS (Q4): $1.00 vs. $0.68 last year. -Analysts Estimate: $1.03 -Revenue (Q4): $910.1 Mln vs. $778.0 Mln last year.