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via finance.yahoo.comBusiness & Companies

Wabtec earnings rise in Q3 and full-year EPS guidance is raised

FROM THE WIRE · FINANCE.YAHOO.COM

Wabtec reported higher third-quarter revenue and earnings and raised its outlook as the company's freight and transit equipment backlogs grew. Operating income increased 27%, to $625 million, as revenue grew 8%, to $3.12 billion, the company said Wednesday. Earnings per share…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBetter results and guidance for an industrial group, relevant for the stock but not the broader market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue rose 8% to $3.12 billion.
  2. 02Operating income increased 27% to $625 million.
  3. 03Full-year adjusted EPS guidance is now between $10.85 and $11.05.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Westinghouse Air Brake Technologies CorporationWABStock272.26 USD-0.33%today -1.52%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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