RBC Bearings Incorporated (ROLL) Releases Earnings Results, Misses Expectations By $-0.02 EPS

RBC Bearings Incorporated (ROLL) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.77 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.79. The company posted revenue of $154.58 million in the period, compared to analysts expectations of $152.26 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

RBC Bearings Incorporated closed down -0.28 points or -0.37% at $75.63 with 1,45,306 shares getting traded on Tusday. Post opening the session at $75.98, the shares hit an intraday low of $75.57 and an intraday high of $76.56 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 6, 2016, Michael J Hartnett (President and CEO) sold 15,242 shares at $72.90 per share price. According to the SEC, on Jun 10, 2016, Thomas M Burigo (Corporate Controller) sold 10,000 shares at $75.85 per share price. On Jun 7, 2016, Thomas C Crainer (VP and General Manager) sold 25,000 shares at $75.50 per share price, according to the Form-4 filing with the securities and exchange commission.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings roller bearings ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes including rod end bearings spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings tapered roller bearings track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace airframe control thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.

RBC Bearings Incorporated

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