* Q3 EPS $0.63 vs est $0.55
* Q3 rev $125.6 mln vs est $119.3 mln
* Says seeing rise in order bookings
Oct 26 (Reuters)- Rail equipment maker L.B. Foster Co
(FSTR.O) posted better-than-expected quarterly results, helped
by strong sales at all its segments, and said it was seeing a
rise in order bookings.
The company makes rail and trackwork used in railroad and
mass transit systems and in mining and also supplies pipe
products for industrial, utility, and agricultural water wells.
For the July-September quarter, net income was $6.5
million, or 63 cents a share, compared with $6.1 million, or 60
cents a share a year ago.
Sales rose 28 percent to $125.6 million, while bookings
rose 9 percent to $124.8 million.
Analysts on average had expected earnings of 55 cents a
share, before special items, on revenue of $119.3 million,
according to Thomson Reuters I/B/E/S.
The Pittsburgh, Pennsylvania-based company also said it was
moving ahead with the divestment of the insulated bonded rail
joint business assets of Portec, which it agreed to buy in
February, to satisfy antitrust concerns. [ID:nSGE61G0K7].
L.B. Foster's shares, which have gained 27 percent in value
in the last two months, closed at $31.99 Monday on Nasdaq.
(Reporting by Divya Sharma in Bangalore; Editing by