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Stock impact report

Why Wabtec Stock Is on a Roll Today [Yahoo! Finance]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: Yahoo! Finance
Investors are eager to climb on board, sending Wabtec shares up 10% as of 11 a.m. ET. Wabtec's business is full speed ahead Wabtec is one of the world's largest manufacturers of railroad locomotives. The company earned $1.89 per share in the first quarter on revenue of $2.5 billion, surpassing Wall Street's consensus estimate for $1.49 per share in earnings on $2.4 billion in sales. Revenue was up 13% year over year, and Wabtec's adjusted operating margin was up 3.4 percentage points to 19.8%. Wabtec's freight segment led the way, posting sales growth of 17.2% in the quarter. "The Wabtec team delivered a strong start to 2024, continuing the momentum experienced in 2023," CEO Rafael Santana said in a statement. "This was evidenced by higher sales, margin expansion, and increased earnings in the quarter." Post-earnings, the company boosted its full-year earnings guidance by $0.50 per share to $7 to $7.40 per share. Wall Street had been expecting $6.79 per share heading into ea Show less Read more
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