UPDATE 1-Timken posts first-quarter profit

Newswire

(Adds guidance, share price information) NEW YORK, April 28 (Reuters) - Timken Co. , the world's third-largest maker of ball-bearings, said on Monday it posted a first-quarter profit, helped by its Torrington Co. acquisition, strong automotive demand and exchange rates. The Canton, Ohio-based company had net income of $11.3 million, or 15 cents a share, against a net loss of $3.5 million, or 6 cents a share, in the year-ago quarter. Excluding a charge for Torrington which it bought in ...

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