Analysts cut Timken earnings estimate
Dec 29, 2008 | 11:16 AM
| Scott Robertson
Lower expectations for steel prices and steel demand have prompted leading industry analysts to lower Canton, Ohio-based Timken Co.'s fourth-quarter earnings estimates.
Jeffries & Co. Inc. analysts Yvonne Varano and Chirag Patel said in a research note on Monday that they were maintaining their "Hold" rating on Timken's shares but lowered fourth-quarter 2008 and full-year 2009 earnings estimates for the company based on further degradation in end-markets and weak customer demand.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.