A Railcar Stock Looks Ready to Roll
Many people point to Alcoa (AA) as the official kickoff to quarterly earnings, but a significant market "tell" came from a company that reported results a few days before.
Greenbrier Companies (GBX), a manufacturer of freight cars and marine barges, missed slightly on revenue but handily beat Street expectations. Earnings per share for the company's November-quarter-end results came in at $0.48, compared with the consensus estimate of $0.36, according to S&P Capital IQ. The outperformance relative to expectations primarily reflects continued improvement in the demand for new freight cars....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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