24.04.2024 12:44:16 - dpa-AFX: Wabtec Corporation Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Wabtec Corporation (WAB) announced a profit for its
first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $272 million, or $1.53 per share. This
compares with $169 million, or $0.93 per share, in last year's first quarter.

Excluding items, Wabtec Corporation reported adjusted earnings of $336 million
or $1.89 per share for the period.

Analysts on average had expected the company to earn $1.49 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 14.2% to $2.50 billion from $2.19
billion last year.

Wabtec Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $272 Mln. vs. $169 Mln. last year.
-EPS (Q1): $1.53 vs. $0.93 last year.
-Revenue (Q1): $2.50 Bln vs. $2.19 Bln last year.

-Guidance:
Full year EPS guidance: $7.00 - $7.40
Full year revenue guidance: $10.25 - $10.55 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Wabtec 896022 NYSE 155,640 01.07.24 20:42:20 -2,410 -1,52% 155,610 155,680 159,760 158,050

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