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Regal Rexnord: Q1 Earnings Snapshot

MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Wednesday reported first-quarter profit of $64.3 million.

On a per-share basis, the Milwaukee-based company said it had profit of 96 cents. Earnings, adjusted for amortization costs and restructuring costs, were $2.17 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The maker of controls for electric motors posted revenue of $1.48 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.43 billion.

Regal Rexnord expects full-year earnings in the range of $10.20 to $11 per share, with revenue in the range of $5.2 million to $6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRX at https://www.zacks.com/ap/RRX

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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