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Freightcar America reports 3Q loss

CHICAGO (AP) _ Freightcar America Inc. (RAIL) on Wednesday reported a third-quarter loss of $11.6 million, after reporting a profit in the same period a year earlier.

The Chicago-based company said it had a loss of 94 cents per share. Losses, adjusted for non-recurring costs, came to 73 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The rail car maker posted revenue of $72 million in the period.

Freightcar America shares have increased 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.96, a climb of 58 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAIL at https://www.zacks.com/ap/RAIL