RBC Bearings Q2 EPS Rises; Provides Q3 Revenue Outlook

RBC Bearings Inc. on Nov.2nd, 2007 reported financial results for the second quarter, posting GAAP earnings of $8.7 million or $0.40 per share, higher than $7.4 million or $0.35 per share in the previous year quarter. Adjusted net income for the period rose to $9.03 million or $0.41 per share, up from $7.4 million or $0.35 per share in the year-ago periods.

On average, seven analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.41 per share.

Net sales for the period rose 6.8% to $78.2 million from $73.2 million in the year-ago period. Two Wall Street analysts expected revenues of $80.65 million. Looking forward, for the third quarter, the company said it expects revenues in the range of $80 - $82 million. Two Street analysts expect revenues of $82.20 million.

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