Trinity Industries Q4 Results Top Estimates

(RTTNews) - Trinity Industries, Inc. (TRN) reported net income for the fourth quarter of $138.2 million or $0.86 per share, compared to $112.8 million or $0.72 per share for the year-ago quarter.

Revenues for the fourth quarter rose 32% to a record $1.66 billion from $1.26 billion a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.83 per share on revenue of $1.62 billion for the fourth quarter.

For the full year 2015, the company forecasts earnings of $4.00 to $4.40 per share. Analysts currently expect the company to earn $4.28 per share for the full year 2015.

The company expects the level of quarterly earnings per share in 2015 to be relatively consistent throughout the year. As a reminder, first quarter 2014 results included $0.72 per share of earnings related to sales of new and existing leased railcars to Element. As a result, the company does not expect first quarter 2015 earnings per share to be below last year's level.