RBC Bearings Inc. (ROLL) reported fiscal first-quarter earnings per share of 25 cents, missing the Zacks Consensus Estimate by more than 16%.
The maker of precision ball bearings posted a 31% decline in revenues to $63.7 million. The sluggish performance was primarily caused by a 46% drop in industrial sales on account of unfavorable economic conditions.
The Zacks Consensus Estimate of $1.35 per share for the fiscal year ending Mar 2010 has slipped 4 cents over the past 2 months.
ROLL, a Zacks #4 Rank (“Sell”) stock, has declined about 6% on volume of about 107,000, compared to the average daily volume of approximately 109,000.
“ROLL” Free Stock Analysis: Buy? Sell? Hold?
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