Timken
Image

Timken Raises Earnings Forecast

June 19, 2014
The ball bearings maker raises its full-year earnings forecast in face of increased demand for its products.

Ball bearings maker Timken Co. (IW500/201) raised its full-year earnings forecast due to increased demand for its products.

The company said it expects full-year earnings from continuing operations of $2.40-$2.60 per share, above its previous estimate of $2.20-$2.50.

Timken also authorized an additional 10 million share buyback program.

By Abinaya Vijayaraghavan, Reuters
Editing by Saumyadeb Chakrabarty

Copyright Reuters, 2014

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!