Greenbrier: Fiscal 1Q Earnings Snapshot
LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Wednesday reported fiscal first-quarter net income of $18 million.
The Lake Oswego, Oregon-based company said it had profit of 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The maker of railroad freight car equipment posted revenue of $604.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $569.8 million.
Greenbrier expects full-year earnings to be $4.20 to $4.40 per share, with revenue expected to be $3 billion.
Greenbrier shares have increased 7 percent since the beginning of the year. The stock has dropped 16 percent in the last 12 months.