Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

WABCO Q4 Profit Decreases On Lower Revenue - Quick Facts

RELATED NEWS
Trade WBC now with 

WABCO Holdings Inc. (WBC: Quote) reported fourth-quarter net income attributable to the company of $59.7 million or $0.93 per share compared to $69.8 million or $1.04 per share a year ago. Performance net income attributable to the company was $69.6 million or $1.08 per share compared to $80.7 million or $1.21 per share a year ago. Sales were $596.5 million, down 7.9 percent in local currencies and down 11.2 percent in U.S. dollars from a year ago.

WABCO said markets across all regions continued to be uncertain and unstable as global truck and bus production in the fourth quarter declined 12 percent year on year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.94 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $585.52 million for the quarter.

WABCO expects 2013 sales growth to range between 2 and 7 percent in local currencies. Profit per share on a performance basis is expected to range from $4.30 to $4.80. The company expects 2013 earnings per share to range from $7.26 to $7.76. Analysts expect the company to report 2013 profit per share of $4.73 on revenue of $2.53 billion.

Register
To receive FREE breaking news email alerts for WABCO Holdings Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.