UPDATE: Greenbrier Posts Lower Q4 Profit

Greenbrier Cos

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.