Benzinga | Jul 28, 2020 10:17AM EDT

Westinghouse Air Brake: Q2 Earnings Insights

Shares of Westinghouse Air Brake (NYSE:WAB) moved higher by 7% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 17.92% over the past year to $0.87, which beat the estimate of $0.75.

Revenue of $1,737,000,000 decreased by 22.90% from the same period last year, which beat the estimate of $1,700,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $3.50 and $3.80.

The upcoming fiscal year's revenue expected to be between $7,300,000,000 and $7,600,000,000.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 08:30 AM

ET Webcast URL: https://services.choruscall.com/links/wab200430.html

Price Action

Company's 52-week high was at $81.75

Company's 52-week low was at $35.07

Price action over last quarter: Up 12.44%

Company Description

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, the Freight and Transit.