Greenbrier (NYSE:GBX) today reported a quarterly profit that beat estimates helped by increased rail traffic as a result of higher demand from the U.S.
energy market. The company also believes that 2012 earnings will be substantially higher than 2011.
First quarter net income was $14.5 million, or 48 cents per share, versus a loss of $2.3 million, or 11 cents per share, in the same period last year.
Revenue was double that of the same period last year, at $398.2 million. Analysts had expected earnings of 46 cents per share and revenue of $404.4 million.
IHS (NYSE:IHS) today reported that the company earned $22.7 million, or 34 cents a share compared $36.5 million, or 56 cents a share last year in its first quarter.
Excluding one time items, IHS earned 99 cents a share, beating the 93 cents estimated by analysts.
Revenue was $371 million, while analysts were expecting $363.3 million.
The company reiterated its 2012 revenue guidance of $1.50 billion to $1.55 billion and estimated earnings in the range of $3.84 to $4.01.
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