Trinity Industries Reveals 53% Decline In Q1 Profit

(RTTNews) - Trinity Industries (TRN) reported earnings for first quarter that fell from last year.

The company said its profit totaled $46.0 million, or $0.30 per share. This was lower than $97.2 million, or $0.64 per share, in last year's first quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 26.1% to $0.88 billion. This was down from $1.19 billion last year.

Trinity Industries earnings at a glance:

-Earnings (Q1): $46.0 Mln. vs. $97.2 Mln. last year. -Earnings Decline (Y-o-Y): -52.7% -EPS (Q1): $0.30 vs. $0.64 last year. -EPS Decline (Y-o-Y): -53.1% -Analysts Estimate: $0.30 -Revenue (Q1): $0.88 Bln vs. $1.19 Bln last year. -Revenue Change (Y-o-Y): -26.1%

-Guidance: Full year EPS guidance: $1.00 to $1.25