Big Earnings Miss from Wabtec

Bad earnings report this morning from Wabtec (WAB). The company made 81 cents per share which was 13 cents below estimates.

The maker of parts for locomotives, subways and buses posted revenue of $760 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $795.4 million.

For the year, the company reported profit of $304.9 million, or $3.34 per share. Revenue was reported as $2.93 billion.

Wabtec expects full-year earnings in the range of $3.95 to $4.15 per share.

Posted by on February 21st, 2017 at 8:40 am


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