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Trinity Industries Q3 adjusted earnings Beat Estimates

Trinity Industries (TRN) released a profit for third quarter that decreased from the same period last year.

The company's bottom line came in at $25.1 million, or $0.21 per share. This compares with $49.0 million, or $0.39 per share, in last year's third quarter.

Excluding items, Trinity Industries reported adjusted earnings of $20.1 million or $0.17 per share for the period.

Analysts had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 43.5% to $459.4M from $813.6 million last year.

Trinity Industries earnings at a glance:

-EPS (Q3): $0.17 vs. $0.39 last year.
-Analysts Estimate: $0.07
-Revenue (Q3): $459.4M vs. $813.6 Mln last year.

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