For the quarter ended November 2018, the Lake Oswego, Oregon company posted earnings of $0.54 per share on revenue of $604.5 million. The consensus earnings estimate was $0.48 per share on revenue of $569.8 million. Revenue grew 8.0% on a year-over-year basis.
The company said it continues to expect fiscal 2019 earnings of $4.20 to $4.40 per share on revenue of more than $3 billion. The current consensus earnings estimate is $4.34 per share on revenue of $3.03 billion for the year ending August 31, 2019.
"Greenbrier's performance in the first quarter of fiscal 2019 exceeded expectations. Order activity was strong in the first quarter and comprised of a broad range of railcar types including double-stack intermodal units, tank cars and heavy-duty flat cars,” said Greenbrier CEO William A Furman in a statement.
“Importantly, 20% of all new railcar orders were received from markets outside
Despite the beat, the stock was down nearly 2% to $41.99.
Contact Uttara Choudhury at [email protected]