Regal-Beloit Corp. (RBC) Beats The Street
Regal-Beloit Corp. (NYSE:RBC - News) shares moved up 5.5% after the company said its third-quarter net income rose to $29.7 million, or 89 cents a share, from $18.5 million, or 59 cents, a year earlier. The average earnings estimate of seven analysts surveyed by Thomson First Call was 82 cents a share. The Beloit, Wis., maker of motion control and power generation products said sales for the three months ended Sept. 30 rose 21% to $419.3 million from $345.9 million.
posted by Stock Administrator @ 10:39 PM
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