The Traderszone Network

Published in TZ Latest News 4 August, 2016 by The TZ Newswire Staff

Rising Costs Weigh on RBC Bearings Incorporated’s Earnings

Ball Bearings

Image source: Getty Images.

RBC Bearings‘ (NASDAQ: ROLL) revenue grew at a brisk pace in its fiscal first quarter thanks to soaring sales in the aerospace sector. However, earnings did not join the ride because of rising costs. Still, the company was very pleased with the start of its fiscal year, and it remains optimistic about what lies ahead. 

read more