UPDATE: Greenbrier Posts Lower Q4 Profit
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.