Wabtec Corp (WAB) reported fourth quarter net income of $24.2 million or $0.50 per share, compared to $31.1 million or $0.64 per share last year.
Net income per share excluding charge was $0.56 for the quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share. Analysts' estimates typically exclude special items.
Net sales declined to $359.19 million from $405.21 million in the same quarter a year earlier.
Five analysts estimated revenues of $345.08 million.
Wabtec affirmed its 2010 earnings per share guidance of $2.35-$2.50, with revenues expected to be flat to slightly up.
Analysts expect the company to earn $2.46 per share, on revenues of $1.41 billion.
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