OK so take out the 15¢ (see PR below) and still that's 28¢ per share. It still looks like they bet the estimates average of 23¢. I'm still feel fine because they sold the railcars to their own railcar leasing company.
I'll try to listen to the conference call tomorrow.
On Wednesday April 29, 2009, 4:01 pm EDT
DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN - News) today reported net income of $33.9 million, or $0.43 per common diluted share for the first quarter ended March 31, 2009. The earnings included $0.15 per common diluted share resulting from the sale at the end of the first quarter of $132.1 million of railcars by its railcar leasing business, Trinity Industries Leasing Company (“TILC”), to TRIP Rail Leasing LLC (“TRIP”).