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Timken posts second straight quarterly loss
CANTON, Ohio (AP) — Timken Co. said Thursday it lost money for a second consecutive quarter, hurt by plummeting sales of its specialty steel products and lower production and surcharges.
Shares of Timken advanced 4.5 percent in morning trading, however, as it reported much higher-than-expected adjusted earnings. But its sales are expected to continuing falling for the remainder of this year.
The...
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