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RBC Bearings: Fiscal Q2 Earnings Snapshot
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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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