WABCO Holdings Q4 Profit, Revenue Rise - Quick Facts

(RTTNews) - Autoparts supplier WABCO Holdings Inc. (WBC) Thursday said fourth-quarter net income attributable to the company surged to $416.3 million or $6.65 per share from $59.7 million or $0.93 per share a year ago.

Excluding mainly a European Commission fine reimbursement, on a performance basis, net income attributable to the company was $80.6 million or $1.29 per share, while it totaled $69.6 million or $1.08 per share a year ago.

On average, 11 analysts polled by Thomson Reuters expected earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter advanced to $720.5 million from $596.5 million. Wall Street expected revenues of $690.36 million.

Looking ahead, earnings per share on a performance basis is expected to range from $5.30 to $5.80 and on a U.S. GAAP basis is estimated to range from $4.78 to $5.28. Analysts look for earnings of $5.64 per share.

WABCO expects full year 2014 sales growth to range from 6 to 11 percent in local currencies.