Wabtec: Q4 Earnings Snapshot

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PITTSBURGH (AP) _ Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported fourth-quarter net income of $190 million.

The Pittsburgh-based company said it had profit of $1.02 per share. Earnings, adjusted for one-time gains and costs, came to $1.18 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The maker of parts for locomotives, subways and buses posted revenue of $2.07 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.18 billion.

For the year, the company reported profit of $558 million, or $2.96 per share. Revenue was reported as $7.82 billion.

Wabtec expects full-year earnings in the range of $4.65 to $5.05 per share, with revenue in the range of $8.3 billion to $8.6 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