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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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