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Greenbrier Q2 Beats on EPS, Misses on Revenue

By Eric Volkman - Apr 4, 2013 at 10:01PM

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The railcar maker's profit impresses, while its top line disappoints.

Greenbrier's (GBX 1.16%) results for the company's Q2 2013 have been released. For the quarter, revenue totaled $423 million, which was more than $35 million lower than the $458 million in the same period the previous year. Attributable net profit was also down, landing at $13.8 million ($0.45 per diluted share), from Q2 2012's bottom line of $17.7 million ($0.57).

The revenue figure fell short of analyst estimates, while the EPS number exceeded them. Expectations were for $443 million in top line, and a per-share net of $0.37.

Greenbrier also provided forward guidance. The company believes it will deliver roughly 13,000 railcar units in fiscal 2013, and post revenue, adjusted EBITDA, and EPS similar to the previous year.

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