OXFORD, Conn. (AP) — OXFORD, Conn. (AP) — RBC Bearings Inc. (RBC) on Friday reported fiscal second-quarter net income of $93.8 million.
The Oxford, Connecticut-based company said it had profit of $2.96 per share. Earnings, adjusted for one-time gains and costs, came to $3.74 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.55 per share.
The maker of bearings and components posted revenue of $524.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $516.2 million.
For the current quarter ending in December, RBC Bearings said it expects revenue in the range of $520 million to $525 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBC at https://www.zacks.com/ap/RBC
