Trinity Industries Reveals 46% Fall In Q1 Bottom Line

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

The company said its bottom line came in at $94.3 million, or $0.64 per share. This was down from $174.6 million, or $1.13 per share, in last year's first quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 27.0% to $1.19 billion. This was down from $1.63 billion last year.

Trinity Industries earnings at a glance:

-Earnings (Q1): $94.3 Mln. vs. $174.6 Mln. last year. -Earnings Decline (Y-o-Y): -46.0% -EPS (Q1): $0.64 vs. $1.13 last year. -EPS Decline (Y-o-Y): -43.4% -Analysts Estimate: $0.70 -Revenue (Q1): $1.19 Bln vs. $1.63 Bln last year. -Revenue Change (Y-o-Y): -27.0%

-Guidance: Full year EPS guidance: $2.00 - $2.30