Benzinga | Aug 3, 2020 04:42PM EDT

Regal Beloit Q2 EPS $0.95 Beats $0.67 Estimate, Sales $634.10M Miss $645.75M Estimate

Regal Beloit (NYSE:RBC) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.67 by 41.79 percent. This is a 37.5 percent decrease over earnings of $1.52 per share from the same period last year. The company reported quarterly sales of $634.10 million which missed the analyst consensus estimate of $645.75 million by 1.80 percent. This is a 27.42 percent decrease over sales of $873.70 million the same period last year.