Shares of Trinity Industries (TRN) plummeted 5.10% in pre-market trading on Thursday following the release of the company's second-quarter earnings report, which fell short of analysts' expectations on multiple fronts.

The rail products and services provider reported quarterly earnings per share (EPS) of $0.19, significantly missing the analyst consensus estimate of $0.40 by 51.9%. This represents a steep 71.21% decrease from the $0.66 per share earned in the same period last year. Trinity's revenue also disappointed, coming in at $506.2 million, well below the expected $606.96 million and marking a 39.84% decline from the $841.4 million reported in the previous year's quarter.

Despite the weak quarterly performance, Trinity Industries maintained its full-year EPS guidance of $1.40 to $1.60, suggesting an anticipated improvement in the latter half of the year. The company reported a high lease fleet utilization rate of 96.8% and new railcar orders of 2,310 with deliveries of 1,815, resulting in a book-to-bill ratio of 1.3x. However, investors appear to be focusing on the immediate shortfall, driving the stock lower in early trading. As the market digests this information, all eyes will be on Trinity's ability to recover and meet its full-year targets.