WABCO Updates 2016 Guidance - Quick Facts

(RTTNews) - WABCO Holdings Inc. (WBC) tightened reported EPS guidance for full year 2016 to now range from $4.21 to $4.31 versus previous guidance of $3.73 to $4.03. The company now expects performance 2016 EPS to now range from $5.75 to $5.85 versus previous guidance of $5.60 to $5.90. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.73. Analysts' estimates typically exclude special items.

WABCO updated sales guidance for full year 2016 to now range from $2.80 billion to $2.83 billion versus previous guidance from $2.78 billion to $2.86 billion; sales growth to now range from 7.5 to 8.5 percent in local currencies versus previous guidance of 7 to 10 percent. Analysts expect revenue of $2.83 billion for fiscal year.

Third-quarter reported EPS was $1.76, up from $0.67 a year ago; and performance EPS was $1.54, up from $1.39 a year ago. Sales were $675.4 million, up 4.9 percent from a year ago and up 5.2 percent in local currencies.