UPDATE: Greenbrier Q2 Profit Drops 22%

Greenbrier Cos GBX reported a 22% drop in its second-quarter profit. Greenbrier's quarterly net income declined to $13.8 million, or $0.45 per share, versus $17.7 million, or $0.57 per share, in the year-ago period. Its revenue dropped to $423.2 million from $458.2 million. Greenbrier shares fell 1.33% to $21.51 in pre-market trading.