Trinity Industries (TRN) gained more than 10% in recent Thursday trading after the railcar leasing company reported Q2 adjusted net income of $0.66 per diluted share compared with $0.23 a year earlier.
Analysts polled by Capital IQ expected $0.34.
Revenue for the quarter ended June 30 was $841.4 million, compared with $722.4 million a year earlier.
Analysts expected $738 million.
For 2024, Trinity is projecting EPS of $1.55 to $1.75, excluding items outside its core business operations.
Analysts are looking for $1.52.
Price: 36.27, Change: +3.21, Percent Change: +9.71
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