Plus   Neg

Wabtec Q1 Profit Increases; Updates 2012 Revenue Growth View - Quick Facts

Wabtec Corp.'s (WAB) first-quarter net income attributable to shareholders advanced to $59.26 million or $1.22 per share from $40.95 million or $0.85 per share in the prior year. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.18 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly sales were $583.3 million, 28 percent higher than $455.26 million in the year-ago quarter, due to the strong growth in the Freight Group. Analysts estimated revenues of $542.56 million for the quarter.

Additionally, the company affirmed its 2012 guidance for earnings per share of about $4.80, with revenues now expected to be up about 15 percent for the year. Analysts project earnings of $4.82 per share and revenue of $2.23 billion for the full year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT