UPDATE: Greenbrier Posts Downbeat FQ2 Results
The Greenbrier Companies (NYSE: GBX) reported a 13% gain in its fiscal second-quarter earnings.
Greenbrier's quarterly profit surged to $15.6 million, or $0.50 per share, versus a year-ago profit of $13.8 million, or $0.45 per share. Excluding one-time items, it earned $0.51 per share.
Its revenue climbed 88% to $502.2 million. However, analysts were expecting earnings of $0.60 per share on revenue of $508.69 million.
Greenbrier shares fell 1.49% to $47.00 in pre-market trading.
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