Trinity Industries Profit Retreats In Q2, misses estimates

Trinity Industries (TRN) revealed earnings for second quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $3.7 million, or $0.04 per share. This compares with $12.7M, or $0.12 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.1% to $416.8M from $293.3M last year.

Trinity Industries earnings at a glance (GAAP) :

-Earnings (Q2): $3.7 Mln. vs. $12.7M. last year.
-EPS (Q2): $0.04 vs. $0.12 last year.
-Analyst Estimates: $0.15
-Revenue (Q2): $416.8M vs. $293.3M last year.

Full year EPS guidance: $0.90 to $1.10

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