WABCO Holdings Inc. Earnings Fall 7% In Q1

(RTTNews) - WABCO Holdings Inc. (WBC) announced a profit for first quarter that declined from last year.

The company said its bottom line came in at $77.6 million, or $1.37 per share. This was lower than $83.1 million, or $1.41 per share, in last year's first quarter.

Analysts had expected the company to earn $1.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $688.7 million. This was up from $652.2 million last year.

WABCO Holdings Inc. earnings at a glance:

-Earnings (Q1): $77.6 Mln. vs. $83.1 Mln. last year. -Earnings Decline (Y-o-Y): -6.6% -EPS (Q1): $1.37 vs. $1.41 last year. -EPS Decline (Y-o-Y): -2.8% -Analysts Estimate: $1.36 -Revenue (Q1): $688.7 Mln vs. $652.2 Mln last year. -Revenue Change (Y-o-Y): 5.6%

-Guidance: Full year EPS guidance: $5.30 - $5.80 Full year revenue guidance: $2.70 - $2.83 Bln