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.)
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