PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported third-quarter net income of $283 million.
On a per-share basis, the Pittsburgh-based company said it had profit of $1.63. Earnings, adjusted for amortization costs and restructuring costs, were $2 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.66 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.64 billion.
Wabtec expects full-year earnings in the range of $7.45 to $7.65 per share, with revenue in the range of $10.25 billion to $10.55 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
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