Investing.com - Timken reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Timken announced earnings per share of $1.18 on revenue of $1.14. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $1.09B.
Timken shares are up 15% from the beginning of the year , still down 10.25% from its 52 week high of $78.51 set on Tuesday, November 16, 2021.
Timken follows other major Industrials sector earnings this month
Timken's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar