GATX Corp. Reveals 23% Decline In Q3 Earnings

(RTTNews) - GATX Corp. (GMT) reported earnings for third quarter that retreated from last year.

The company said its profit dropped to $39.5 million, or $0.91 per share. This was lower than $51.3 million, or $1.14 per share, in last year's third quarter.

Analysts had expected the company to earn $1.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $386.2 million. This was down from $397.2 million last year.

GATX Corp. earnings at a glance:

-Earnings (Q3): $39.5 Mln. vs. $51.3 Mln. last year. -Earnings Decline (Y-o-Y): -23.0% -EPS (Q3): $0.91 vs. $1.14 last year. -EPS Decline (Y-o-Y): -20.2% -Analysts Estimate: $1.39 -Revenue (Q3): $386.2 Mln vs. $397.2 Mln last year. -Revenue Change (Y-o-Y): -2.8%