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Wabash beats 1Q profit forecasts

LAFAYETTE, Ind. (AP) _ Wabash National Corp. (WNC) on Monday reported first-quarter net income of $20.2 million.

The Lafayette, Indiana-based company said it had net income of 32 cents per share. Earnings, adjusted for non-recurring gains, were 31 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The maker of truck trailers posted revenue of $362.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $365.7 million.

Wabash expects full-year earnings to be $1.44 to $1.56 per share.

Wabash shares have risen 29 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.36, an increase of 57 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 WNC at https://www.zacks.com/ap/WNC

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Keywords: Wabash National, Earnings Report