WABCO Q3 Profit Rises; Tightens Full Year Guidance - Quick Facts

(RTTNews) - WABCO Holdings Inc. (WBC) reported that its third-quarter net income attributable to company increased to $82.0 million from $80.0 million, last year. Earnings per share was $1.37, compared to $1.26. Performance net income per share to company was $1.44, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.41 for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $707.3 million from $677.1 million, a year ago. Analysts expected revenue of $719.37 million for the quarter.

WABCO tightened its previously disclosed guidance for full year 2014. WABCO expects: full year 2014 sales growth to now range from 5.5 to 6.5 percent in local currencies versus previous guidance to range from 6 to 9 percent; EPS on a performance basis to now range from $5.45 to $5.55 versus previous guidance to range from $5.45 to $5.75 and EPS on a U.S. GAAP basis to now range from $4.77 to $4.87 versus previous guidance to range from $4.77 to $5.07. Analysts expect the company to report full year profit per share of $5.54.