Wabtec Corp. (WAB) now expects 2009 earnings per share guidance in the range of $2.37 - $2.41 compared with its prior range of $2.40 - $2.50. On average, 6 analysts polled by Thomson Reuters expect earnings per share of $2.46 for the quarter. Analysts' estimate typically excludes one-time items.
The company stated that this earnings guidance now includes an earlier announced fourth-quarter charge of $3.9 million or 6 cents per share, for an arbitration ruling.
Wabtec currently anticipates 2009 revenues of about $1.4 billion. Five analysts estimate revenues of $1.39 billion for the year.
Also, the company issued its 2010 earnings per share outlook of $2.35 - $2.50, with revenues expected to be flat to slightly up. Eight analysts project earnings per share of $2.50 for 2010.
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