Timken: Timken: Q1 Earnings Snapshot

NORTH CANTON, Ohio (AP) - NORTH CANTON, Ohio (AP) - Timken Co. (TKR) on Wednesday reported first-quarter net income of $78.3 million . The North Canton, Ohio -based company said it had profit of $1.11 per share. Earnings, adjusted for one-time gains and costs, came to $1.40 per share. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. The maker of bearings and power transmissions posted revenue of $1.14 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $1.12 billion . Timken expects full-year earnings in the range of $5.10 to $5.60 per share. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TKR at https://www.zacks.com/ap/TKR For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News NORTH CANTON, Ohio (AP) - NORTH CANTON, Ohio (AP) - Timken Co. (TKR) on Wednesday reported first-quarter net income of $78.3 million . The North Canton, Ohio -based company said it had profit of $1.11 per share. Earnings, adjusted for one-time gains and costs, came to $1.40 per share. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. The maker of bearings and power transmissions posted revenue of $1.14 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $1.12 billion . Timken expects full-year earnings in the range of $5.10 to $5.60 per share. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TKR at https://www.zacks.com/ap/TKR For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News