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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade WAB now with 
Follow RTT