Benzinga | Aug 3, 2020 06:54AM EDT

Timken Q2 Adj. EPS $1.02 May Not Compare To $0.34 Estimate, Sales $803.50M Beat $722.13M Estimate

Timken (NYSE:TKR) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.34 by 200 percent. This is a 19.69 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $803.50 million which beat the analyst consensus estimate of $722.13 million by 11.27 percent. This is a 19.65 percent decrease over sales of $1.00 billion the same period last year.