UPDATE: Greenbrier Reports Upbeat Q1 Profit

Greenbrier Cos Inc

posted a better-than-expected first-quarter profit. Greenbrier posted its quarterly net income at $14.5 million, or $0.48 per share, versus a net loss of $2.3 million, or $0.11 per share, in the year-ago period. Its revenue surged to $398.2 million. Analysts were expecting earnings of $0.36 per share on revenue of $404.4 million. Greenbrier shares gained 0.04% to $23.90 in after-hours trading.