PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported second-quarter net income of $395 million.
On a per-share basis, the Pittsburgh-based company said it had net income of $2.33. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.76 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The maker of parts for locomotives, subways and buses posted revenue of $3.18 billion in the period.
Wabtec expects full-year earnings in the range of $10.60 to $10.90 per share, with revenue in the range of $12.3 billion to $12.6 billion.
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