Timken misses forecasts, lowers guidance

• Adjusted net income from continuing operations of $44.2M, or $0.50 per diluted share vs. $47M, or $0.50 per diluted share in the same period a year ago.
• Revenue by segment: Mobile Industries -7%; Process Industries +5%.
• Timken (TKR -1.6%) lowered its adjusted earnings per diluted share guidance for 2015 to a range of $2.30-$2.40 from $2.65-$2.75.
• Q1 results