WABCO Provides Update within 2018 EPS Guidance Range Reflecting the Impact of a Fast-Evolving Geopolitical Environment
WABCO HOLDINGS (WBC)
Last wabco holdings earnings: 2/21 07:04 am
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ir.wabco-auto.com
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Source: GlobeNewswire
Global sales growth continues to outpace the market; order intake in Europe and Americas remains high with headwinds in certain emerging marketsReported and performance EPS expected to be in the lower half of previously issued full year guidance BRUSSELS, Belgium, Sept. 12, 2018 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles, is today providing an update within its previously disclosed guidance issued July 19, 2018, based on its estimate of economic and market conditions for the second half of the year. The recent intensification of geopolitical dynamics is negatively impacting markets and currencies in some of WABCO’s regions. WABCO now expects that truck and bus production in China will deteriorate by approximately 30 percent in the second half of 2018 and 11 percent on a full year basis, com
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