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Trinity Industries tops 1Q profit forecasts

DALLAS (AP) _ Trinity Industries Inc. (TRN) on Tuesday reported first-quarter earnings of $44.8 million.

On a per-share basis, the Dallas-based company said it had net income of 30 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The industrial manufacturer posted revenue of $877.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $891.7 million.

Trinity Industries expects full-year earnings to be $1 to $1.25 per share.

Trinity Industries shares have decreased roughly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.76, a rise of 39 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

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Keywords: Trinity Industries, Earnings Report