UPDATE 1-Timken quarterly profit falls on weak auto demand


(Adds details, forecast) NEW YORK, July 31 (Reuters) - Bearings and specialty steel company Timken Co. reported lower quarterly profit on Tuesday due to restructuring costs and poor demand from car makers. Earnings fell to $55.6 million, or 58 cents per share, from $64.9 million, or 69 cents per share, a year earlier. Excluding special items, income from continuing operations fell to 73 cents per share from 80 cents a year ago. On that basis, analysts' average forecast was 72 cents per ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Timken quarterly profit falls on weak auto demand" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×