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
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT