Timken (TKR) Misses Q4 EPS by 12c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus
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Timken Reports Fourth-Quarter and Full-Year 2019 Results
February 5, 2020 6:51 AM ESTNORTH CANTON, Ohio, Feb. 5, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2019 sales of $896.2 million, down 1.5 percent from the same period a year ago. The decline was driven by lower demand mainly in the Mobile Industries segment and unfavorable currency, partially offset by the favorable impact of acquisitions and positive pricing.
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