Trinity Industries Reports 59% Drop In Q3 Profit

(RTTNews) - Trinity Industries (TRN) reported earnings for third quarter that dropped compared to the same period last year.

The company said its bottom line totaled $82.0 million, or $0.55 per share. This was lower than $198.3 million, or $1.31 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 27.9% to $1.11 billion. This was down from $1.54 billion last year.

Trinity Industries earnings at a glance:

-Earnings (Q3): $82.0 Mln. vs. $198.3 Mln. last year. -Earnings Decline (Y-o-Y): -58.6% -EPS (Q3): $0.55 vs. $1.31 last year. -EPS Decline (Y-o-Y): -58.0% -Analysts Estimate: $0.52 -Revenue (Q3): $1.11 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): -27.9%

-Guidance: Next quarter EPS guidance: $0.30 - $0.40 Full year EPS guidance: $2.10 - $2.20