PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported fourth-quarter net income of $202 million.
On a per-share basis, the Pittsburgh-based company said it had net income of $1.18. Earnings, adjusted for restructuring costs and amortization costs, came to $2.10 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.97 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.86 billion.
For the year, the company reported profit of $1.17 billion, or $6.83 per share. Revenue was reported as $11.17 billion.
Wabtec expects full-year earnings in the range of $10.05 to $10.45 per share, with revenue in the range of $12.19 billion to $12.49 billion.
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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 WAB at https://www.zacks.com/ap/WAB
