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Ahead Of The Bell: Wabtec

Stock quotes in this article: WAB  

HARTFORD, Conn. (AP) — An analyst cut his profit estimates for railroad-equipment supplier Wabtec Corp. Thursday, saying Wall Street estimates are too high.

Analyst Steve Barger of KeyBanc Capital Markets said the Wilmerding, Pa.-based company's markets are weak and he expects Wabtec will cut its earnings per share forecast following its first-quarter earnings release. The result will likely be "weaker share price performance in the near term," he said in a note to investors.

He cut his 2009 estimate to $2.26 per share from $2.42. He also reduced his 2010 estimate to $2.62 from $2.69. ...

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