WABCO Q2 Net Income Decreases; Updates Full Year Guidance - Quick Facts

(RTTNews) - WABCO Holdings Inc. (WBC) reported second-quarter GAAP net income attributable to the company of $65.8 million or $1.12 per share compared to $75.0 million or $1.23 per share a year ago. WABCO reported performance net income attributable to the company of $81.7 million or $1.40 per share, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.44 for the quarter. Analysts' estimates typically exclude special items.

Sales were $661.1 million, up 6.4 percent in local currencies from a year ago and down 10.1 percent in U.S. dollars, reflecting significant strengthening of the U.S. dollar year on year. Analysts expected the company to report revenue of $663.15 million for the quarter.

WABCO expects full year 2015 sales growth to now range from 6 to 9 percent versus previous guidance from 5 to 10 percent in local currencies.

WABCO expects EPS on a U.S. GAAP basis to now range from $4.89 to $5.14 versus previous guidance from $4.86 to $5.26. WABCO expects its EPS on a performance basis to now range from $5.60 to $5.85 versus previous guidance from $5.60 to $6.00. Analysts expect the company to report earnings per share of $5.83.