Oxford roller and ball bearings maker RBC Bearings Inc posted quarterly results that beat market estimates, helped by strong performance at its industrial business, Reuters reports.
RBC, which also caters to the defense and aerospace industries, said its industrial business grew 18 percent for the quarter, Reuters reports.
RBC’s third-quarter net income rose to $12.2 million, or 54 cents a share, from $7.4 million, or 33 cents a share, a year ago.
Net sales rose 17 percent to $95.1 million.
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Analysts on average had expected earnings of 50 cents a share, on revenue of $94.5 million, according to Thomson Reuters I/B/E/S.
