OXFORD, Conn. (AP) _ RBC Bearings Inc. (RBC) on Thursday reported fiscal second-quarter earnings of $43.8 million.
On a per-share basis, the Oxford, Connecticut-based company said it had net income of $1.31. Earnings, adjusted for one-time gains and costs, came to $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The maker of bearings and components posted revenue of $369.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $361.3 million.
For the current quarter ending in December, RBC Bearings said it expects revenue in the range of $348 million to $360 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
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