Wabtec: Q1 Earnings Snapshot

Associated Press Finance

04-23

PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported first-quarter earnings of $322 million.

The Pittsburgh-based company said it had net income of $1.88 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $2.28 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The maker of parts for locomotives, subways and buses posted revenue of $2.61 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.6 billion.

Wabtec expects full-year earnings in the range of $8.35 to $8.95 per share, with revenue in the range of $10.73 billion to $11.03 billion.

_____

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

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(WAB) on Wednesday reported first-quarter earnings of $322 million.</p>\n<p>The Pittsburgh-based company said it had net income of $1.88 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $2.28 per share.</p>\n<p>The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.</p>\n<p>The maker of parts for locomotives, subways and buses posted revenue of $2.61 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.6 billion.</p>\n<p>Wabtec expects full-year earnings in the range of $8.35 to $8.95 per share, with revenue in the range of $10.73 billion to $11.03 billion.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(WAB) on Wednesday reported first-quarter earnings of $322 million.\nThe Pittsburgh-based company said it had net income of $1.88 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $2.28 per share.\nThe results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.\nThe maker of parts for locomotives, subways and buses posted revenue of $2.61 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.6 billion.\nWabtec expects full-year earnings in the range of $8.35 to $8.95 per share, with revenue in the range of $10.73 billion to $11.03 billion.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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