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Wabtec: Q3 Earnings Snapshot
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PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported third-quarter net income of $409 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $2.42. Earnings, adjusted for amortization costs and restructuring costs, were $2.83 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The maker of parts for locomotives, subways and buses posted revenue of $3.12 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.18 billion.

Wabtec expects full-year earnings in the range of $10.85 to $11.05 per share, with revenue in the range of $12.3 billion to $12.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAB at https://www.zacks.com/ap/WAB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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