Wabtec Raises Full-Year Profit Forecast Following Third-Quarter Earnings Beat
Westinghouse Air Brake Technologies (WAB) reported third-quarter adjusted earnings of $2.83 per share, surpassing Wall Street's consensus estimate of $2.73. Despite the profit beat, the company's revenue for the period fell short of analyst expectations. Driven by the stronger-than-anticipated bottom line, Wabtec has raised its full-year earnings outlook. The Pittsburgh-based rail equipment manufacturer continues to navigate a complex market environment where profitability is outperforming top-line growth projections.
Tickers: $WAB
Topics: earnings beat guidance raise revenue miss
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