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Why Trinity Industries Inc Shares Crashed
2016-02-20 18:15:32| Railroads - Topix.net
What: Shares of railcar manufacturer Trinity Industries Inc were down 21.6% at 10:55 a.m. ET on Friday after its quarterly results and outlook disappointed Wall Street. So what: Trinity's Q4 EPS of $1.30 managed to beat estimates, but a wide miss on the top line -- revenue of $1.55 billion vs. the consensus of $1.61 billion -- coupled with downbeat full-year guidance is forcing analysts to drastically lower their growth expectations.
Tags: industries
shares
trinity
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Category:Transportation and Logistics
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