GATX Corp. (GMT: Quote) reported second quarter net income of $0.49 per share Thursday morning, down from $0.56 per share last year. The consensus estimate was for EPS of $0.61. The company also increased its full year 2012 EPS forecast to between $2.65 and $2.75, from prior expectations of $2.40 to $2.60. The consensus estimate is for EPS of $2.65.
GATX Corp. rose sharply in the first 45 minutes of trade Thursday, but settled into a range for the remainder of the session. The stock closed up by 2.41 at $41.50, with volume at a 6-month high. GATX rose to a 2-month high and re-crossed its 200-day moving average.
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by RTT Staff Writer
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