Why Shares of Trinity Industries Are Falling Today
Shares of Trinity Industries (NYSE: TRN) were down 9% as of 3 p.m. EDT, after the railcar manufacturer reported disappointing quarterly results. There were some silver linings in the results, but investors on Thursday were more focused on what went wrong over the last three months.
After markets closed Wednesday, Trinity reported adjusted earnings of $0.02 per share on revenue of $509 million. The company fell short of Wall Street's $0.10 per share earnings estimate, despite beating the $459 million revenue consensus.
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Source Fool.com
