Regal Beloit Corporation Announces Second Quarter 2019 Financial Results
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Regal-Beloit (RBC) Misses Q2 EPS by 10c, Lowers FY Guidance
August 5, 2019 4:12 PM EDTRegal-Beloit (NYSE: RBC) reported Q2 EPS of $1.52, $0.10 worse than the analyst estimate of $1.62. Revenue for the quarter came in at $873.7 million versus the consensus estimate of $903.1 million.
GUIDANCE:
Regal-Beloit sees FY2019 EPS of $5.50-$5.80, versus the consensus of $6.26.
"We are reducing our... More