Wabtec Corporation Q3 Profit Increases, beats estimates

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

The company's earnings came in at $160M, or $0.88 per share. This compares with $131 million, or $0.69 per share, in last year's third quarter.

Excluding items, Wabtec Corporation reported adjusted earnings of $222 million or $1.22 per share for the period.

Analysts on average had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.9% to $2.08 billion from $1.91 billion last year.

Wabtec Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $160M. vs. $131 Mln. last year.
-EPS (Q3): $0.88 vs. $0.69 last year.
-Analyst Estimate: $1.21
-Revenue (Q3): $2.08 Bln vs. $1.91 Bln last year.

Full year EPS guidance: $4.75 - $4.95
Full year revenue guidance: $8.15 - $8.35 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT