Westinghouse Air Brake Q4 Adj. EPS $1.54 Misses $1.58 Estimate, Sales $2.53B Beat $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Westinghouse Air Brake (WAB) reported Q4 adjusted EPS of $1.54, missing the $1.58 estimate, but sales of $2.53B exceeded the $2.48B estimate. This represents an 18.46% increase in earnings and a 9.54% increase in sales from the same period last year.
February 14, 2024 | 11:31 am
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Westinghouse Air Brake reported a mixed Q4 with an EPS miss but a sales beat, showing significant year-over-year growth.
The mixed results with an EPS miss but a sales beat could lead to neutral short-term stock price movement. The significant year-over-year growth in both earnings and sales indicates strong underlying business performance, which might offset the negative impact of the EPS miss.
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