logo
Share SHARE
FONT-SIZE 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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade WAB now with 
Follow RTT