UPDATE 2-Timken posts higher profit, raises yearly forecast

Newswire

(Adds breakdown by division) NEW YORK, Oct 26 (Reuters) - The Timken Co. , a maker of industrial bearings for automakers and other industrial uses, on Wednesday reported sharply higher quarterly profit citing strength in its global markets, and raised its full-year forecast. Third-quarter earnings more than doubled to $39.8 million, or 43 cents per share, compared with $17.5 million, or 19 cents per share a year earlier. Excluding items, Timken earned 58 cents per share, above the 55 ...

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