WABCO Holdings (WBC) Releases Earnings Results, Beats Expectations By $0.03 EPS

WABCO Holdings (WBC) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $1.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.40. The company posted revenue of $732.20 million in the period, compared to analysts expectations of $705.10 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. WABCO Holdings was Downgraded by BofA/Merrill to ” Neutral” on Jul 7, 2016. WABCO Holdings was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. WABCO Holdings was Downgraded by Goldman to ” Neutral” on Jun 28, 2016.

WABCO Holdings opened for trading at $93.03 and hit $94.06 on the upside on Monday, eventually ending the session at $93.83, with a gain of 0.55% or 0.51 points. The heightened volatility saw the trading volume jump to 4,29,468 shares. Company has a market cap of $5,278 M.

In a different news, on Apr 28, 2016, Leon Liu (Pres, Truck, Bus & Car OEMs) sold 16,151 shares at $113.00 per share price. According to the SEC, on Aug 21, 2015, Henry R. Keizer (director) purchased 200 shares at $119.61 per share price. On Aug 4, 2015, Nikhil M Varty (President, Americas & VP, M&A) sold 6,821 shares at $122.90 per share price, according to the Form-4 filing with the securities and exchange commission.

WABCO Holdings Inc. is a global supplier of electronic mechanical and mechatronic products. The Company develops manufactures and sells control systems including advanced braking stability suspension transmission automation air compression and processing. Its product groups include actuator air compressor and air processing/air management system foundation brake anti-lock braking system (ABS) conventional braking system electronic braking system (EBS) electronic and conventional air suspension systems transmission automation vehicle electronic architecture vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution mBSP modular braking system platform OptiPace OptiFlow Tail solution OnGuardPLUS AEBS and OnGuardPLUS among others. It sells its products to truck and bus original equipment manufacturers (OEMs) trailer OEMs commercial vehicle aftermarket distributors and car manufacturers.

WABCO Holdings

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