Timken (NYSE:TKR) reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:51 AM.
Here’s what investors need to know about the announcement.
Earnings
Timken beat estimated earnings by 11.17%, reporting an EPS of $2.09 versus an estimate of $1.88.
Revenue was up $138.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 2.94% increase in the share price the next day.
Here’s a look at Timken’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.09 | 1.33 | 1.34 | 1.16 |
| EPS Actual | 1.22 | 1.52 | 1.67 | 1.61 |
| Revenue Estimate | 1.09B | 1.09B | 1.13B | 1.11B |
| Revenue Actual | 1.08B | 1.14B | 1.15B | 1.12B |
To track all earnings releases for Timken visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
