Trinity Industries, Inc. (TRN) reported net income for the first quarter of $79.1 million or $0.99 per share, compared to $52.9 million or $0.66 per share for the year-ago quarter.
The year-ago results included a pre-tax gain of $17.0 million, or $0.14 per share, due to flood-related insurance settlements.
Revenues for the first quarter increased to $932.9 billion from $896.2 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.84 per share on revenue of $1.03 billion for the fourth quarter.
Looking ahead to the second quarter, the company projects earnings between $0.88 and $0.95 per share
Looking forward, the company forecast earnings of $0.75 to $0.82 per share for the first quarter and $3.45 to $3.75 per share for the full year 2013.
Analysts currently expect the company to earn $0.78 per share for the first quarter and $3.67 per share for the full year 2013.
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