Revenue Update on Greenbrier Companies Inc(NYSE:GBX)

Greenbrier Companies Inc(NYSE:GBX) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 6, 2016. Company reported revenue of $612.87M. Analysts estimated a revenue of $607.14M. Earnings per share were $1.12. Analysts had estimated an EPS of $1.09.

Greenbrier Companies Inc (GBX) made into the market gainers list on Mondays trading session with the shares advancing 3.45% or 1.02 points. Due to strong positive momentum, the stock ended at $30.6, which is also near the day’s high of $30.67. The stock began the session at $30.14 and the volume stood at 4,88,072 shares. The 52-week high of the shares is $48.86 and the 52 week low is $19.89. The company has a current market capitalization of $863 M and it has 2,82,04,389 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Mark J Rittenbaum (EVP,Commercial,Leasing,Finance) sold 2,135 shares at $28.39 per share price.Also, On Apr 27, 2016, Martin Raymond Baker (SVP, GC, & Compliance Officer) sold 5,357 shares at $30.67 per share price.On Apr 15, 2016, Alejandro Centurion (EVP and President, GMO) sold 10,000 shares at $31.84 per share price, according to the Form-4 filing with the securities and exchange commission.

The Greenbrier Companies Inc. (Greenbrier) formerly Greenbrier Co Inc. is a designer manufacturer and marketer of railroad freight car equipment in North America and Europe a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services railcar refurbishment and parts leasing and other services. The Company’s Manufacturing segment produces double-stack intermodal railcars conventional railcars tank cars and marine vessels. The Wheel Services Refurbishment & Parts segment performs wheel axle and bearing servicing; railcar repair refurbishment and maintenance activities and production and reconditioning of a range of parts for the railroad industry in North America. The Leasing & Services segment owns approximately 11000 railcars and provides management services for approximately 219000 railcars for railroads shippers carriers institutional investors and other leasing and transportation companies in North America.

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