NORTH CANTON, Ohio (AP) _ Timken Co. (TKR) on Friday reported first-quarter profit of $80.7 million.

On a per-share basis, the North Canton, Ohio-based company said it had profit of $1.06. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The maker of bearings and power transmissions posted revenue of $923.4 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $930.7 million.

Timken shares have fallen 33% since the beginning of the year. The stock has dropped 22% in the last 12 months.

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

Automated Insights, source Associated Press News