Regal Beloit Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Regal Beloit Corp. (RBC) reported first-quarter net income to company of $36.4 million or $0.81 per share, compared to $43.8 million or $0.96 per share, prior year. Adjusted earnings per share was $1.21, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.16 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $911.7 million compared to $801.2 million last year. Analysts expected revenue of $894.76 million for the quarter.

The company expects 2015 adjusted earnings per share to be in the range of $5.45 to $5.75. Analysts expect the company to report fiscal 2015 earnings per share of $5.49.