Shares of Trinity Industries, Inc. (TRN) are falling more than 13% Tuesday morning after the company's first-quarter earnings missed analysts' view.
Net income from continuing operations was $7.5 million or $0.09 per share for the first quarter, compared with $7.3 million or $0.09 per share a year ago.
Excluding one-time items, earnings were $0.07 per share that missed the average estimate of analysts polled by Thomson-Reuters of $0.25 per share.
Quarterly revenues were $641.7 million, a 36% improvement year over year. The consensus estimate was for $601.05 million.
TRN is at $20.58 currently. It has traded in the $20.27-$31.68 in the last 1 year.
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