Market Overview

UPDATE: Greenbrier Posts Lower Q4 Profit

Related GBX
Fast Money Halftime Report Final Trade From October 10
Greenbrier Urges Action; Recent Train Derailments, Lac-Megantic Findings Underscore Heed For Safer Tank Cars Now
Unorthodox Metrics Show the Economy is Chugging Along (Fox Business)

Greenbrier Cos (NYSE: GBX) reported a drop in its fourth-quarter profit. It also expects decline in shipments for 2013.

Greenbrier now projects to deliver between 11,500 and 13,000 railcars in 2013, versus 15,000 deliveries this year.

Its quarterly net income dropped to $7.4 million, or $0.26 per share, versus $12.6 million, or $0.42 per share, in the year-ago period.

Greenbrier shares closed at $17.41 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (GBX)

Around the Web, We're Loving...

Get Benzinga's Newsletters