Wabco Holdings (WBC) Tops Q1 EPS by 4c, Reaffirms FY17 Guidance

Wabco Holdings (NYSE: WBC) reported Q1 EPS of $1.47, $0.04 better than the analyst estimate of $1.43. Revenue for the quarter came in at $747.3 million versus the consensus estimate of $719.65 million.

GUIDANCE:

Wabco Holdings sees FY2017 EPS of $5.44-$5.94, versus the consensus of $5.89. Wabco Holdings sees FY2017 revenue of $2.85-2.99 billion, versus the consensus of $2.93 billion

WABCO Revises and Updates Full Year 2017 Guidance

Based on its estimate of future market conditions, WABCO maintains its previously disclosed guidance for full year 2017 regarding sales.

At the same time, WABCO revises its guidance for full year 2017 operating margin in accordance with newly adopted Accounting Standards Update 2017-07.

Due to a lower reported tax rate for 2017 than previously expected, WABCO updates its prior guidance for reported diluted EPS.

For earnings history and earnings-related data on Wabco Holdings (WBC) click here.

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