Greenbrier: Fiscal 4Q Earnings Snapshot

LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Friday reported fiscal fourth-quarter earnings of $35.1 million.

The Lake Oswego, Oregon-based company said it had profit of $1.06 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.31 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The maker of railroad freight car equipment posted revenue of $914.2 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $962.3 million.

For the year, the company reported profit of $71.1 million, or $2.14 per share. Revenue was reported as $3.03 billion.

Greenbrier expects full-year earnings in the range of $2.60 to $3 per share.

Greenbrier shares have decreased 19% since the beginning of the year. The stock has dropped 41% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GBX at https://www.zacks.com/ap/GBXCopyright 2019, Associated Press, The