Wabtec Corporation Q1 Profit Increases, beats estimates

Wabtec Corporation (WAB) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $149 million, or $0.80 per share. This compares with $112 million, or $0.59 per share, in last year's first quarter.

Excluding items, Wabtec Corporation reported adjusted earnings of $209 million or $1.13 per share for the period.

Analysts on average had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5% to $1.93 billion from $1.83 billion last year.

Wabtec Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $149 Mln. vs. $112 Mln. last year.
-EPS (Q1): $0.80 vs. $0.59 last year.
-Analyst Estimate: $1.12
-Revenue (Q1): $1.93 Bln vs. $1.83 Bln last year.

Full year EPS guidance: Adj; $4.65 -$5.05
Full year revenue guidance: $8.30 - $8.60 Bln

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