Wabtec: Q3 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — Westinghouse Air Brake Technologies Corp. (WAB) on Wednesday reported third-quarter net income of $409 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $2.42. Earnings, adjusted for amortization costs and restructuring costs, were $2.83 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The maker of parts for locomotives, subways and buses posted revenue of $3.12 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.18 billion.

Wabtec expects full-year earnings in the range of $10.85 to $11.05 per share, with revenue in the range of $12.3 billion to $12.6 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