PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported first-quarter profit of $362 million.
The Pittsburgh-based company said it had profit of $2.12 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.71 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.95 billion in the period.
Wabtec expects full-year earnings in the range of $10.25 to $10.65 per share, with revenue in the range of $12.19 billion to $12.49 billion.
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