On July 22, Westinghouse Air Brake rose 11.02% in regular trading, trading at $292.82/share, with turnover of $115 million.

The surge was driven by the company's strong Q2 financial results that significantly exceeded market expectations. Adjusted EPS came in at $2.76, up 21.6% year-over-year, beating the consensus estimate of $2.60 by 5.75%. Net sales reached $3.179 billion, representing 17.5% year-over-year growth and surpassing the $3.075 billion estimate. GAAP diluted EPS was $2.33, up 18.9% year-over-year.

Simultaneously, the company raised its full-year guidance, lifting the revenue range to $12.3 billion-$12.6 billion and adjusted EPS target to $10.60-$10.90, both above prior forecasts. This marks the second guidance raise following the initial outlook of $10.05-$10.45 adjusted EPS issued in February. The dual beat on revenue and profit combined with upward guidance revision effectively boosted investor confidence, driving shares sharply higher.

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