GATX CORP (GATX) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $78.6 million, or $2.15 per share. This compares with $74.3 million, or $2.03 per share, last year.
Excluding items, GATX CORP reported adjusted earnings of $78.6 million or $2.15 per share for the period.
Analysts on average had expected the company to earn $2.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.0% to $421.6 million from $379.9 million last year.
GATX CORP earnings at a glance (GAAP) :
-Earnings: $78.6 Mln. vs. $74.3 Mln. last year.
-EPS: $2.15 vs. $2.03 last year.
-Revenue: $421.6 Mln vs. $379.9 Mln last year.
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