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Wabtec Corp. (WAB) Jumped On Guidance News

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4/13/2012 7:30 AM ET

Wabtec Corp. (WAB: Quote) announced Thursday morning that it projects first-quarter earnings per share to be about $1.20. The consensus estimate is for EPS of $1.02. The company also raised its full-year 2012 earnings per share guidance to about $4.80. The consensus estimate is for EPS of $4.37.

Wabtec gapped open sharply higher Thursday, but moved in a narrow range throughout the session. The stock closed up by 5.06 at $76.36 on above average volume. Wabtec set a week and a half high and re-crossed its 50-day moving average.

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by RTT Staff Writer

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