logo
Share SHARE
FONT-SIZE Plus   Neg

WABCO Q4 Profit Decreases On Lower Revenue - Quick Facts

WABCO Holdings Inc. (WBC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT