Westinghouse Air Brake Q3 2024 Adj. EPS $2.00 Beats $1.90 Estimate, Sales $2.663B Miss $2.692B Estimate
Portfolio Pulse from Benzinga Newsdesk
Westinghouse Air Brake (NYSE:WAB) reported Q3 2024 earnings per share of $2.00, beating estimates of $1.90, marking a 17.65% increase from last year. However, sales of $2.663 billion missed the $2.692 billion estimate, though they were up 4.43% from the previous year.
October 23, 2024 | 10:32 am
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Westinghouse Air Brake's Q3 2024 earnings per share exceeded expectations at $2.00, a 17.65% increase from last year, but sales slightly missed estimates at $2.663 billion. Despite the sales miss, the overall performance shows growth.
The positive earnings surprise with a 17.65% increase in EPS is likely to have a favorable impact on WAB's stock price. Although sales missed estimates, they still showed growth compared to the previous year, which may mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100