Wabtec: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 06:39 AM ET
Last Updated - May 27, 2024, 01:08 AM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported first-quarter net income of $272 million.
The Pittsburgh-based company said it had profit of $1.53 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.89 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.5 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.35 billion.
