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Stock Market & Financial Investment News

News Breaks
February 20, 2013
15:05 EDTRAILRail car makers lower after FreightCar America misses Q4 expectations
Rail road equipment stocks are lower after FreightCar America (RAIL) reported Q4 results that widely missed on the top and bottom lines. The company reported a loss of 8c per share compared to consensus analysts expectations of 26c and revenue of $116M in Q4 against estimates of $136M. The company noted that Q4 results were impacted by a decrease in coal car demand and product line change-over costs at both of its manufacturing plants. In late afternoon trading, FreightCar America is down $2.33, or 9.5%, to $22.20. Other companies in the peer group are also down in late afternoon trading. Trinity (TRN) is down $1.81, or 4.23%, to $41, The Greenbrier Companies, (GBX) is down $1.15, or 5.08%, to $21.50, and American Railcar Industries (ARII) is down $1.30, or 3.11%, to 40.52.
News For RAIL From The Last 14 Days
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December 8, 2014
15:14 EDTRAILFreightCar America announces expansion to meet demand for railcars
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