WABCO Holdings Inc. Announces 7% Decline In Q3 Profit

(RTTNews) - WABCO Holdings Inc. (WBC) revealed a profit for third quarter that lost ground from last year.

The company said its earnings declined to $80.5 million, or $1.39 per share. This was lower than $86.5 million, or $1.44 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 rose 6.0% to $749.7 million. This was up from $707.3 million last year.

WABCO Holdings Inc. earnings at a glance:

-Earnings (Q3): $80.5 Mln. vs. $86.5 Mln. last year. -Earnings Decline (Y-o-Y): -6.9% -EPS (Q3): $1.39 vs. $1.44 last year. -EPS Decline (Y-o-Y): -3.5% -Analysts Estimate: $1.39 -Revenue (Q3): $749.7 Mln vs. $707.3 Mln last year. -Revenue Change (Y-o-Y): 6.0%

-Guidance: Full year EPS guidance: $5.50 - $5.60