Greenbrier Cos. (GBX) Shares Loose Ground On Nasty Quarter
Greenbrier Cos. (NYSE:GBX - News) shares dropped 6.2% after the company said fourth-quarter net income rose to $12.3 million, or 76 cents a share, from $0.6 million, or 68 cents a share, a year ago. Analysts polled by Thomson First Call had been expecting earnings of 63 cents a share. Revenue at the transportation equipment company was flat at $265 million, after lower-than-expected new railcar deliveries and equipment sale gains were offset by expanding manufacturing margins. The company said that it's anticipating revenues for fiscal 2007 in a range of $1.2 billion to $1.3 billion and earnings in a range of $3.10 to $3.40 per share.
posted by Stock Administrator @ 10:51 PM
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