Trinity Industries Q2 Income Retreats 55%

(RTTNews) - Trinity Industries (TRN) released earnings for second quarter that retreated compared to the same period last year.

The company said its profit dropped to $94.6 million, or $0.62 per share. This was lower than $212.0 million, or $1.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 29.8% to $1.18 billion. This was down from $1.68 billion last year.

Trinity Industries earnings at a glance:

-Earnings (Q2): $94.6 Mln. vs. $212.0 Mln. last year. -Earnings Decline (Y-o-Y): -55.4% -EPS (Q2): $0.62 vs. $1.33 last year. -EPS Decline (Y-o-Y): -53.4% -Analysts Estimate: $0.48 -Revenue (Q2): $1.18 Bln vs. $1.68 Bln last year. -Revenue Change (Y-o-Y): -29.8%

-Guidance: Full year EPS guidance: $2.00 - $2.30