Greenbrier: Fiscal 3Q Earnings Snapshot
LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Tuesday reported fiscal third-quarter earnings of $15.2 million.
On a per-share basis, the Lake Oswego, Oregon-based company said it had net income of 46 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 89 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The maker of railroad freight car equipment posted revenue of $856.2 million in the period, which also did not meet Street forecasts. Nine analysts surveyed by Zacks expected $858.6 million.
For the current quarter ending in August, Greenbrier said it expects revenue in the range of $1 billion.
Greenbrier shares have dropped 22% since the beginning of the year. The stock has fallen 41% in the last 12 months.