Timken raises full-year earnings forecast

Thu Jun 19, 2014 9:08am EDT

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(Reuters) - Ball bearings maker Timken Co raised its full-year earnings forecast due to increased demand for its products.

The company said it expects full-year earnings from continuing operations of $2.40-$2.60 per share, above its previous estimate of $2.20-$2.50.

Timken also authorized an additional 10 million share buyback program.

(Reporting By Abinaya Vijayaraghavan; Editing by Saumyadeb Chakrabarty)

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