GATX slides after Q2 profit miss

GATX

23/07/2024 16:30

** Shares of global railcar lessor GATX Corporation  GATX.N 
slide 6.8% to $135.44, their worst percentage drop since
September 2022
    ** Company reports Q2 adj. earnings of $1.43​​ per share,
missing analysts' avg. est. of $1.78 - LSEG data
    ** Quarterly revenue increased 12.7% from a year earlier to
$386.70 mln, compared with analysts' avg. est. of $385.45 mln
    ** GATX keeps its FY24 earnings estimate unchanged at
$7.30-$7.70 per diluted share
    ** Including session's moves, GATX up ~13% YTD 

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com;))