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Wabtec: 1Q Earnings Snapshot

WILMERDING, Pa. (AP) _ Westinghouse Air Brake Technologies Corp. (WAB) on Thursday reported a first-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.

The Wilmerding, Pennsylvania-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The maker of parts for locomotives, subways and buses posted revenue of $1.59 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.45 billion.

Wabtec expects full-year earnings in the range of $4 to $4.20 per share, with revenue expected to be $8.4 billion.

Wabtec shares have increased 9 percent since the beginning of the year. The stock has decreased 15 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 WAB at https://www.zacks.com/ap/WAB