GATX CORP (GATX) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $74.3 million, or $2.03 per share. This compares with $77.4 million, or $2.16 per share, in last year's first quarter.
Excluding items, GATX CORP reported adjusted earnings of $73.7 million or $2.01 per share for the period.
Analysts on average had expected the company to earn $1.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.1% to $379.9 million from $338.9 million last year.
GATX CORP earnings at a glance (GAAP) :
-Earnings (Q1): $74.3 Mln. vs. $77.4 Mln. last year.
-EPS (Q1): $2.03 vs. $2.16 last year.
-Revenue (Q1): $379.9 Mln vs. $338.9 Mln last year.
-Guidance:
Full year EPS guidance: $7.30 to $7.70
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