Thursday, Wabtec Corp. (WAB) said its third-quarter net income declined to $27.34 million or $0.57 per share from $33.17 million or $0.68 per share in the prior year period. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter.
Net sales for the quarter declined to $330.45 million from $396.01 million in the comparable period. Five analysts estimated revenues of $349.51 million for the quarter.
For fiscal 2009, earnings per share are now projected to be between $2.40 and $2.50 compared with its prior range of $2.35 - $2.55. Six analysts estimate earnings of $2.47 per share for fiscal 2009. Full-year revenues are now expected to be about 12% lower than 2008. Previously, the company anticipated revenues to be down about 10%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.