Regal Beloit (RBC -17.7%) plummets after its Q1 top and bottom line miss. "U.S. commercial and...

|About: Regal Beloit Corporation (RBC)|By:, SA News Editor

Regal Beloit (RBC -17.7%) plummets after its Q1 top and bottom line miss. "U.S. commercial and industrial markets did not perform as well as we had expected," the maker of electric motors says. The company's guidance looks particularly weak against analysts' estimates as RBC sees Q2 adjusted EPS of $1.19-1.27, while the Street expects $1.61. "As we look to Q2, sluggish demand in our North American commercial and industrial markets is impacting both our electrical and mechanical segments," CEO Mark Gliebe notes. (PR)