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Greenbrier: Fiscal 2Q Earnings Snapshot

LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Friday reported fiscal second-quarter net income of $2.8 million.

On a per-share basis, the Lake Oswego, Oregon-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 22 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share.

The maker of railroad freight car equipment posted revenue of $658.7 million in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $649.9 million.

Greenbrier expects full-year earnings in the range of $3.60 to $3.80 per share.

Greenbrier shares have dropped 16 percent since the beginning of the year. The stock has decreased 30 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 GBX at https://www.zacks.com/ap/GBX