NYSE:TRNMachinery
Trinity Industries (TRN) Stock Drops As One Off Gain Masks Softer Outlook
Trinity Industries stock just absorbed a near 9% hit, even though the headline number in this railcar earnings story is eye catching. Second quarter basic earnings per share came in at about US$1.28, powered by a large non cash gain tied to the Napier Park railcar partnership that lifted reported profit across the trailing twelve months.
For short term traders the selloff is the story. For anyone with a longer horizon, the bigger question is how that one off gain sits alongside forecasts that...