Timken (TKR) Tops Q2 EPS by 3c, updates FY guidance

Timken (NYSE: TKR) reported Q2 EPS of $1.63, $0.03 better than the analyst estimate of $1.60. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.18 billion.

GUIDANCE:

Timken sees FY2024 EPS of $6.00-$6.20, versus the consensus of $6.20. The company now expects revenue to be down 3 to 4 percent in total from 2023.

For earnings history and earnings-related data on Timken (TKR) click here.

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