Trinity Industries' third-quarter profit tops mean analyst estimate |
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Wed, 31 Oct 2007 23:35
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SAN FRANCISCO (Thomson Financial) - Trinity Industries Inc. late Wednesday reported third-quarter net income of $87 million, or $1.08 a share, above the mean estimate of analysts polled by Thomson Financial of 95 cents a share.In the same period last year, the Dallas-based provider of products and services for the transportation, industrial, construction, and energy sectors posted a net profit of $50.8 million, or 64 cents a share.Revenue in the quarter ended Sept. 30 rose 24.5% to $1.01 billion, above the $987 million consensus estimate.For the fourth quarter, the company expects earnings from continuingoperations ranging from 87 cents to 92 cents a share and revenue comparable to the third quarter. This would result in earnings from continuing operations of $3.54 to $3.59 a share for full-year 2007, Trinity said.For 2008, the company forecast earnings ranging from $3.10 to $3.50 a share on revenue comparable to 2007.Analysts currently expect fourth-quarter earnings of 91 cents, 2007 earnings of $3.46 and 2008 earnings of $3.64.Trinity shares closed the regular session at $36.14, up more than 2%.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Moody's upgrades ratings on Trinity Industries, changes outlook to stable 