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FreightCar America(RAIL Quote) reported robust fourth-quarter earnings of 70 cents a share on income of $8.3 million, easily beating analyst estimates.
Fourth-quarter revenue was $271.9 million for the Chicago-based railcar maker. Sales for the quarter were up 14% from third-quarter sales of $238 million and up significantly over fourth-quarter 2007 sales of $137.1 million.
Railcar deliveries totaled 3,624 units in the quarter, including 3,394 cars sold and 230 cars leased. That compares with 3,082 units delivered in the previous quarter and 1,605 units delivered in the fourth quarter of 2007. ...
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