FreightCar America, Inc. Reports 99% Drop In Q4 Profit

(RTTNews) - FreightCar America, Inc. (RAIL) reported earnings for fourth quarter that decreased compared to the same period last year.

The company said its bottom line totaled $0.07 million, or $0.01 per share. This was down from $11.65 million, or $0.94 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 33.3% to $135.52 million. This was down from $203.30 million last year.

FreightCar America, Inc. earnings at a glance:

-Earnings (Q4): $0.07 Mln. vs. $11.65 Mln. last year. -Earnings Decline (Y-o-Y): -99.4% -EPS (Q4): $0.01 vs. $0.94 last year. -EPS Decline (Y-o-Y): -98.9% -Analysts Estimate: $0.14 -Revenue (Q4): $135.52 Mln vs. $203.30 Mln last year. -Revenue Change (Y-o-Y): -33.3%