Wednesday, February 21, 2018

Trinity Industries tops forecasts for 4Q profits

Feb. 17, 2017 at 9:03 a.m.

Trinity Industries Inc. on Thursday reported fourth-quarter profit of $67.6 million.

On a per-share basis, the Dallas company said it had profit of 44 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The industrial manufacturer that employs about 1,000 people at railcar manufacturing and maintenance operations in Longview, posted revenue of $1.1 billion, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.12 billion.

For the year, the company reported profit of $343.6 million, or $2.25 per share. Revenue was reported as $4.59 billion.

Trinity Industries expects full-year earnings to be from $1 to $1.35 per share.



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