Wabtec Corp. (WAB) now expects 2009 earnings per share guidance in the range of $2.37 - $2.41 compared with its prior range of $2.40 - $2.50. On average, 6 analysts polled by Thomson Reuters expect earnings per share of $2.46 for the quarter. Analysts' estimate typically excludes one-time items.
The company stated that this earnings guidance now includes an earlier announced fourth-quarter charge of $3.9 million or 6 cents per share, for an arbitration ruling.
Wabtec currently anticipates 2009 revenues of about $1.4 billion. Five analysts estimate revenues of $1.39 billion for the year.
Also, the company issued its 2010 earnings per share outlook of $2.35 - $2.50, with revenues expected to be flat to slightly up. Eight analysts project earnings per share of $2.50 for 2010.
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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.