Regal Beloit Revises Q4 2010 Earnings Guidance Downward Due to Slower HVAC Sales

Regal Beloit revised its fourth quarter 2010 earnings guidance downward, citing a slower than expected sales pace in the HVAC segment and acquisition-related expenses.

“The revision was due to a slower than expected sales pace in the HVAC segment and acquisition-related expenses that will be expensed in the quarter.”

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