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Trinity Industries: 1Q Earnings Snapshot

DALLAS (AP) _ Trinity Industries Inc. (TRN) on Wednesday reported first-quarter net income of $30.6 million.

The Dallas-based company said it had net income of 23 cents per share. Earnings, adjusted to account for discontinued operations, were 24 cents per share.

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

The industrial manufacturer posted revenue of $604.8 million in the period.

Trinity Industries expects full-year earnings in the range of $1.15 to $1.35 per share.

Trinity Industries shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.97, a decrease of 25 percent in the last 12 months.

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