Here's Why Shares of Trinity Industries Dropped on Thursday
Shares of Trinity Industries (NYSE: TRN) fell 11.6% on Thursday after the rail car manufacturer reported second-quarter results that fell short of expectations, the second straight quarter that results have landed with a thud. The company maintained its full-year guidance despite the miss, but investors don't seem persuaded.
After markets closed Wednesday, Trinity said it earned $0.29 per share in the second quarter on revenue of $736 million. The results fell short of analyst expectations for $0.31 per share in earnings, on sales of $781 million.
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