By Bearing Manufacturer>Bearing News>RBC Bearings Q3 Profit Decreases - Quick Facts
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RBC Bearings Inc. reported that its third-quarter net income decreased to $7.7 million or $0.35 per share from $9.6 million or $0.44 per share last year. Adjusted net income decreased to $9.0 million or $0.41 per share from $9.5 million or $0.44 per share last year. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter.
The company reported third-quarter net sales of $85.3 million compared to $80.4 million prior year. Analysts expected sales of $82.86 million for the quarter.
RBC Bearings expects fourth-quarter adjusted operating income in the range of $14.0 million-$16.0 million. Net sales are expected to be in the range of $84.0 million-$87.0 million. Analysts expect sales of $85.21 million.