* Q3 EPS $0.61 vs est $0.60
* Q3 rev up 11 pct
* Sees Q4 EPS, rev to rise
June 28 U.S. railcar maker Greenbrier Cos Inc's
quarterly profit beat analysts' expectations on
increased railcar deliveries, and the company forecast higher
earnings and revenue for the fourth quarter.
But Greenbrier said it expects railcar deliveries to fall by
500 units to 4,000 units for the current quarter, on a
Greenbrier indicated in April that fourth-quarter deliveries
could be lower as it starts to make auto-carrying cars that
require more manual work and take longer to produce.
The company said it was increasing production rates of tank
cars that carry oil and had plans to open a second tank car line
in fiscal 2013 to address rising demand.
Lake Oswego, Oregon-based Greenbrier reported earnings of
$19.1 million, or 61 cents per share, for the third quarter
ended May 31 compared with a net loss of $3.3 million, or 14
cents per share, a year ago.
Revenue rose 11 percent to $507.8 million. Manufacturing
segment revenue more than doubled to $364.9 million.
Analysts on average were expecting earnings of 60 cents per
share on revenue of $519.4 million, according to Thomson Reuters
Greenbrier shares closed at $16.06 on the New York Stock
Exchange on Wednesday.