Benzinga | Oct 28, 2020 04:21PM EDT

Regal Beloit Q3 EPS $1.73 Beats $1.20 Estimate, Sales $758.20M Beat $704.21M Estimate

Regal Beloit (NYSE:RBC) reported quarterly earnings of $1.73 per share which beat the analyst consensus estimate of $1.20 by 44.17 percent. This is a 28.15 percent increase over earnings of $1.35 per share from the same period last year. The company reported quarterly sales of $758.20 million which beat the analyst consensus estimate of $704.21 million by 7.67 percent. This is a 1.83 percent decrease over sales of $772.30 million the same period last year.