RBC Bearings Fiscal Q3 Adjusted Net Income, Net Sales Rise; Issues Fiscal Q4 Outlook

MT Newswires Live02-05 21:15

RBC Bearings (RBC) reported fiscal Q3 adjusted net income Thursday of $3.04 per diluted share, up from $2.34 a year earlier.

Analysts polled by FactSet expected $2.86.

Net sales for the quarter ended Dec. 27 were $461.6 million, up from $394.4 million a year earlier.

Analysts surveyed by FactSet expected $460.1 million.

The company said it expects fiscal Q4 net sales in the range of $495 million to $505 million. Analysts polled by FactSet expect $509.4 million.

Shares of the company were down over 6% in recent Thursday premarket activity.

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