GATX Q2 Profit Rises, Backs Full Year View - Quick Facts

(RTTNews) - GATX Corp. (GMT), a railcar leasing company, Thursday reported second-quarter net income of $53.1 million or $1.15 per share, up from $35.1 million or $0.74 per share reported last year.

The prior-year results include a benefit of $0.06 per diluted share, from Tax Adjustments and Other Items. Details related to the Tax Adjustments and Other Items are provided in the attached Supplemental Information.

On average, 7 analysts polled by Thomson Reuters expected earnings of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $365.8 million from $338.9 million last year. Analysts expected revenues of $378.30 million.

Brian Kenney, president and chief executive officer of GATX, said, "We continue to expect our 2014 full-year earnings to be in the range of $4.15 to $4.35 per diluted share."

Wall Street looks for earnings of $4.31 per share for the year.