This Railroad-Equipment Maker’s Stock Is the S&P 500’s Worst Performer. Blame Earnings. - Barron's
Feb 12, 2025, 11:19 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Wabtec significantly missed both earnings and sales forecasts, causing substantial decline. Previous similar earnings misses often led to heightened sell-offs.
AI summary
What happened, with direct paths to the underlying reporting
Wabtec's shares dropped 11% following disappointing earnings results. Adjusted earnings of $1.68 missed expectations of $1.73 per share. Sales of $2.58 billion fell short of the $2.62 billion estimate. 2025 guidance projects lower sales and earnings than analysts anticipated. Board raised the dividend by 25% and authorized $1 billion in buybacks.
Wabtec's shares dropped 11% following disappointing earnings results.
Adjusted earnings of $1.68 missed expectations of $1.73 per share.
Sales of $2.58 billion fell short of the $2.62 billion estimate.
2025 guidance projects lower sales and earnings than analysts anticipated.
Board raised the dividend by 25% and authorized $1 billion in buybacks.
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