Shares of The Timken Company (TKR) have moved down 7% since it reported second-quarter 2024 results on Jul 31, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting significantly lower renewable energy demand in China. TKR reported adjusted earnings per share (EPS) of $1.63 for the quarter, which marked an 18.9% year-overyear decline. However, the bottom line beat the Zacks Consensus Estimate of $1.60. On a reported basis, the ...