Wabtec Q3 Profit Rises - Quick Facts

(RTTNews) - Wabtec Corp. (WAB) reported that its third-quarter net income to shareholders increased to $73.94 million or $0.76 per share, from $62.99 million or $0.65 per share, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $631.40 million, from $587.59 million, last year. Analysts expected revenue of $653.62 million for the quarter.

The company increased its 2013 guidance for earnings per share to $3.00-$3.04, with revenues expected to be up about 8 percent for the year. Analysts expect the company to report fiscal 2013 profit per share of $3.04.