BUZZ-Bearings maker Timken rises on Q4 profit beat

Reuters

02-06

BUZZ-Bearings maker Timken rises on Q4 profit beat

** 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

(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))

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