By Denny Jacob
Wabtec shares edged down 5.8% in premarket trading after lower-than-expected revenue and a decline in profit in its latest quarter.
Shares were trading around $196. The stock is up about 54% over the last year.
The transport-technology company logged net income attributable to common shareholders of $212 million on sales of $2.58 billion in the fourth quarter, compared to $212 million in net income on sales of $2.53 billion a year earlier. Analysts polled by FactSet expected sales of $2.62 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 12, 2025 07:49 ET (12:49 GMT)
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