WABCO Holdings beats Q1 estimates [Seeking Alpha]
WABCO HOLDINGS (WBC)
Last wabco holdings earnings: 2/21 07:04 am
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Source: Seeking Alpha
WABCO Holdings beats Q1 estimatesWABCO Holdings (NYSE:WBC) reports sales rose 22.9% in local currencies inQ1.Adjusted gross margin rate up 50 bps to 30.8%.SG&A expense rate improved 100 bps to 11.3%.Adjusted operating margin rate increased 20 bps to 15.1%.FY2018 Guidance: Sales: $3.885B to $4.015B (+12% to +16% in local currencies); Adjusted operating margin rate: 14.3% to 14.7%; GAAP operating margin rate: 13.6% to 14%; Adjusted net income: $388.4M to $415M; GAAP net income: $369.5M to $396.1M; Adjusted EPS: $7.30 to $7.80; Diluted EPS: $6.95 to $7.45; Diluted shares outstanding: ~53.2M.See all stocks on the move »Now read:Bed Bath & Beyond -14% after guiding full-year earnings below consensus »
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