Greenbrier Companies Reports Fiscal Q2 Beat

Greenbrier Companies shares were higher nearly 6% in pre-market trade Wednesday after the company reported fiscal Q2 results, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2017 in line with forecasts. For the quarter ended Feb. 28, the designer, manufacturer and marketer of railroad freight car equipment posted earnings of $1.09 per share, compared with the prior-year period’s $1.41 per share. Analysts polled by Capital IQ were expecting EPS of $0.86.

Revenue was $566.3 million, down from $669.1 million in the same quarter last year. The Street view was for revenue of $522.5 million. The company expects fiscal 2017 EPS of $3.25 – $3.75 on revenue of $2 billion – $2.4 billion. The Street view is for EPS of $3.46 on revenue of $2.13 billion.

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