Movement Alert|Westinghouse Air Brake Falls 5.26% in Regular Trading, Revenue Miss Overshadows EPS Beat and Raised Outlook

Market Focus10-22 22:30

On October 22, Westinghouse Air Brake fell 5.26% in Regular Trading, trading at $273.55 per share, with turnover of $71.57 million.

The move followed the company’s latest quarterly report: adjusted EPS for the third quarter came in at $2.83, above consensus near $2.74, but revenue was $3.12 billion, below expectations of about $3.20 billion. The company also raised full-year adjusted EPS guidance to $10.85-$11.05 while maintaining full-year revenue guidance at $12.30-$12.60 billion.

The market reaction suggests the revenue shortfall weighed more heavily than the earnings beat and higher profit outlook. Supporting context remained constructive, with analysts recently lifting price targets and the broader analyst consensus still leaning overweight, but the latest session’s pressure centered on the mixed quarterly print.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment