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Shares of Timken (NYSE:TKR) were unchanged at $37.58 after the company reported Q1 results.
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Quarterly Results
Earnings per share fell 17.78% year over year to $1.11, which beat the estimate of $1.07.
Revenue of $923,400,000 lower by 5.75% year over year, which beat the estimate of $917,840,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Details Of The Call
Date: May 01, 2020
Time: 12:00 PM ET
Webcast URL: https://78449.choruscall.com/dataconf/productusers/tkr/mediaframe/37218/indexr.html
Technicals
52-week high: $58.78
Company's 52-week low was at $22.25
Price action over last quarter: down 32.63%
Company Profile
The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates most of its revenue in the United States of America.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.