PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported fourth-quarter earnings of $212 million.
The Pittsburgh-based company said it had profit of $1.23 per share. Earnings, adjusted for non-recurring costs, were $1.68 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.58 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
For the year, the company reported profit of $1.06 billion, or $6.04 per share. Revenue was reported as $10.39 billion.
Wabtec expects full-year earnings in the range of $8.35 to $8.75 per share, with revenue in the range of $10.73 billion to $11.03 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAB at https://www.zacks.com/ap/WAB
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