Timken Q2 Adj EPS $2.01 Misses $2.07 Estimate, Sales $1.27B Miss $1.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Timken (NYSE:TKR) reported Q2 earnings of $2.01 per share, missing the analyst consensus estimate of $2.07 by 2.9%. The company also reported quarterly sales of $1.27 billion, missing the analyst consensus estimate of $1.29 billion by 1.40%. However, this is a 10.23% increase over sales of $1.15 billion the same period last year.
August 04, 2023 | 12:53 pm
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NEGATIVE IMPACT
Timken's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price.
Timken's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100