Greenbrier Earnings: Here’s Why Shareholders Are Smiling

Greenbrier Companies (NYSE:GBX) delivered a profit and topped Wall Street’s revenue expectations. The revenue beat is a positive sign to shareholders as shares are up 1.62%.

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Greenbrier Companies Earnings Cheat Sheet

Results: Net income decreased -28.37% to $10.4 million (35 cents per diluted share) in the quarter versus a net gain of $14.52 million in the year-earlier quarter.

Revenue: Rose 4.32% to $415.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Greenbrier Companies reported adjusted net income of 35 cents per share. By that measure, the company missed the mean analyst estimate of $0.36. It beat the average revenue estimate of $400.42 million…

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