Why Wabtec Stock Is Up Today
Railroads are feeling some pain due to ongoing trade uncertainty, but it is yet to trickle down to the companies to railroad suppliers.
Shares of Wabtec (NYSE: WAB), formerly known as Westinghouse Air Brake Technologies, were trading up 10% at 10:30 a.m. Eastern after the locomotive manufacturer beat quarterly earnings expectations and provided a more optimistic outlook for the full year.
Wabtec manufacturers and services a range of heathy industrial equipment, including rail locomotives. The transportation sector has been in a rut lately as macro issues have caused a pullback in inventories, but companies are still buying Wabtec equipment.
Source Fool.com
