Trinity Industries Reports 56% Decline In Q3 Earnings

(RTTNews) - Trinity Industries (TRN) revealed earnings for third quarter that retreated from last year.

The company said its profit dropped to $65.6 million, or $0.43 per share. This was down from $148.7 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.6% to $0.97 billion. This was down from $1.11 billion last year.

Trinity Industries earnings at a glance:

-Earnings (Q3): $65.6 Mln. vs. $148.7 Mln. last year. -Earnings Decline (Y-o-Y): -55.9% -EPS (Q3): $0.43 vs. $0.55 last year. -EPS Decline (Y-o-Y): -21.8% -Analysts Estimate: $0.31 -Revenue (Q3): $0.97 Bln vs. $1.11 Bln last year. -Revenue Change (Y-o-Y): -12.6%

-Guidance: Next quarter EPS guidance: $0.35 - $0.45 Full year EPS guidance: $1.41 - $1.51