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

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Wabtec Corp.'s (WAB: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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After turning lower over the course of the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 136 points. U.K. retail sales declined more-than-expected in September, driven by a sharp contraction in clothing sales. Retail sales fell 0.3 percent in September from a month ago, when it rose 0.4 percent, the Office for National Statistics said Thursday. This was the first drop in four months. Economists had forecast a 0.1 percent drop for September. Food sales recovered in September. The private sector in the eurozone logged a marginal upturn in October helped by an improvement in Germany, while France moved deeper into contraction, flash data from Markit Economics revealed Thursday. The headline flash Markit composite output index rose to 52.2 in October from a 10-month low of 52 in September. The score was forecast to fall to 51.5.
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