BUZZ-Bearings maker Timken rises on Q4 profit beat
ReutersFeb 5, 2025 4:33 PM
Bearings and industrial motion products maker Timken's TKR.N shares rise 2.26% to $80.69, highest since Nov. 4
Co reports Q4 adj profit of $1.16 per share, above analysts' average estimate of $0.99 per share - data compiled by LSEG
Also reports Q4 net sales of $1.07 bln
Expects outlook FY25 adj profit between $5.30 per share and $5.80 per share
Says cost cutting can save ~$75 million in 2025
Shares fell ~10.95% in 2024
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