DALLAS (AP) — DALLAS (AP) — Trinity Industries Inc. (TRN) on Tuesday reported fourth-quarter net income of $31.3 million.
On a per-share basis, the Dallas-based company said it had profit of 38 cents. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The industrial manufacturer posted revenue of $591.2 million in the period.
For the year, the company reported profit of $60.1 million, or 71 cents per share. Revenue was reported as $1.98 billion.
Trinity Industries expects full-year earnings in the range of $1.50 to $1.70 per share.
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