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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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February 19, 2015
09:26 EDTRAILFreightCar America price target raised to $42 from $37 at Sterne Agee
After FreightCar reported higher than expected Q4 revenue but lower than expected EPS, Sterne Agee believes that the company is benefiting from rising non-coal rail car order flow. The firm thinks the company's lower Q4 margins is a temporary phenomenon. It keeps a Buy rating.

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