UPDATE: Greenbrier Posts Upbeat Q2 Results

Greenbrier Companies Inc GBX reported stronger-than-expected second-quarter results. Greenbrier projects second-half revenue and adjusted EBITDA to be higher than the first half. Greenbrier's quarterly net income climbed to $17.7 million, or $0.57 per share, from $550,000, or $0.02 per share, in the year-ago period. Its revenue climbed 60% to $458.2 million. Analysts were expecting earnings of $0.47 per share on revenue of $444.5 million. Railcar deliveries surged around 70% y/y to 3,700 units. Greenbrier shares closed at $19.70 on Thursday.