Wabtec rises as Q1 earnings beat estimates

Westinghouse Air Brake Technologies

23/04/2025 15:20

** Locomotive part maker Wabtec's WAB.N shares rise 9.6% to $188.24 in early trade as first-quarter profit beats estimates helped by strong sales from aftermarket parts and services

** Co posted Q1 adj EPS of $2.28 per share, compared with analyst estimates of $2.03 per share - LSEG

** Total sales up 4.5% to $2.61 bln, in-line with estimates

     ** WAB raised upper end of its 2025 adjusted profit guidance to $8.95 per share from $8.75 earlier, while maintaining the lower end at $8.35 per share

** 7 of 13 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $218 - LSEG

** As of last close, stock had fallen nearly 1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))