Benzinga | May 3, 2021 04:21PM EDT

Regal Beloit Q1 Adj. EPS $1.98 Beats $1.71 Estimate, Sales $814.10M Beat $784.93M Estimate

Regal Beloit (NYSE:RBC) reported quarterly earnings of $1.98 per share which beat the analyst consensus estimate of $1.71 by 15.79 percent. This is a 51.15 percent increase over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $814.10 million which beat the analyst consensus estimate of $784.93 million by 3.72 percent. This is a 10.88 percent increase over sales of $734.20 million the same period last year.