MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Monday reported third-quarter profit of $72.7 million.
The Milwaukee-based company said it had net income of $1.09 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $2.49 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.
The maker of controls for electric motors posted revenue of $1.48 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.51 billion.
Regal Rexnord expects full-year earnings in the range of $9.15 to $9.45 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRX at https://www.zacks.com/ap/RRX