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Wabtec Corporation (WAB) reported a profit for its third quarter that increased from last year.


RTTNews | Oct 29, 2020 06:49AM EDT

06:49 Thursday, October 29, 2020 (RTTNews.com) - Wabtec Corporation (WAB) reported a profit for its third quarter that increased from last year.

The company's bottom line came in at $128.1 million, or $0.67 per share. This compares with $91.1 million, or $0.48 per share, in last year's third quarter.

Excluding items, Wabtec Corporation reported adjusted earnings of $182.2 million or $0.95 per share for the period.

The company's revenue for the quarter fell 6.5% to $1.87 billion from $2.00 billion last year.

Wabtec Corporation earnings at a glance:

-Earnings (Q3): $182.2 Mln. vs. $212.3 Mln. last year.-EPS (Q3): $0.95 vs. $1.10 last year.-Revenue (Q3): $1.87 Bln vs. $2.00 Bln last year.

-Guidance:Full year EPS guidance: $3.75 - $3.85Full year revenue guidance: $7.5 - $7.6 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3140660/wabtec-corporation-q3-adjusted-earnings-of-0-95-per-share.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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