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Wabtec Corporation Q2 adjusted earnings of $0.87 per share

July 28, 2020 — 06:40 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Wabtec Corporation (WAB) reported earnings for second quarter that decreased from last year.

The company's earnings totaled $86.8 million, or $0.46 per share. This compares with $104.1 million, or $0.54 per share, in last year's second quarter.

Excluding items, Wabtec Corporation reported adjusted earnings of $164.2 million or $0.87 per share for the period.

The company's revenue for the quarter fell 22.3% to $1.74 billion from $2.24 billion last year.

Wabtec Corporation earnings at a glance:

-Revenue (Q2): $1.74 Bln vs. $2.24 Bln last year.

-Guidance: Full year EPS guidance: $3.50 - $3.80 Full year revenue guidance: $7.3 - $7.6 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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