Westinghouse Air Brake Technologies Corp (WAB) Releases Earnings Results, Beats Expectations By $0.05 EPS

Westinghouse Air Brake Technologies Corp (WAB) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.00. The company posted revenue of $772.03 million in the period, compared to analysts expectations of $798.86 million. The company’s revenue was down -5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on Westinghouse Air Brake Technologies Corp. Westinghouse Air Brake Technologies Corp was Downgraded by Goldman to ” Neutral” on Feb 4, 2016.

Westinghouse Air Brake Technologies Corp opened for trading at $80.81 and hit $81.34 on the upside on Friday, eventually ending the session at $80.99, with a gain of 0.22% or 0.18 points. The heightened volatility saw the trading volume jump to 8,95,198 shares. Company has a market cap of $7,445 M.

In a different news, on Nov 12, 2015, Steeg Nickolas Vande (director) purchased 6,470 shares at $77.38 per share price. According to the SEC, on Sep 1, 2015, Patrick D Dugan (Sr. VP, Chief Financal Officer) sold 13,530 shares at $96.67 per share price. On Aug 27, 2015, Raymond T Betler (President) sold 4,200 shares at $93.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Company’s products are used in locomotives freight cars subway cars and buses and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars supplies railway electronics positive train control equipment signal design and engineering services builds switcher locomotives rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles such as subway cars and buses builds new commuter locomotives and refurbishes subway cars.

Westinghouse Air Brake Technologies Corp

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