UPDATE 3-Timken posts higher profit, raises yearly forecast


(Adds details from conference call) NEW YORK, Oct 26 (Reuters) - The Timken Co. , a maker of industrial bearings for industries like automakers, on Wednesday reported sharply higher quarterly profit citing strength in its global markets, and raised its full-year forecast, which boosted Timken shares by 3 percent. 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 ...

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