WABCO Raises 2016 Outlook

(RTTNews) - WABCO Holdings Inc. (WBC) said it upgraded reported earnings per share guidance for full year 2016 to now range from $3.73 to $4.03 versus previous guidance from $3.43 to $3.93; and performance full year 2016 EPS to now range from $5.60 to $5.90 versus previous guidance from $5.30 to $5.80.

The company also upgraded sales guidance for full year 2016 to now range from $2.780 billion to $2.860 billion versus previous guidance from $2.700 billion to $2.830 billion; sales growth to now range from 7 to 10 percent in local currencies versus previous guidance from 6 to 11 percent.

Analysts polled by Thomson Reuters expect the company to report earnings of $5.54 per share and revenues of $2.79 billion for fiscal year 2016. Analysts' estimates typically exclude special items.