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FreightCar America Shares Fall After 1Q Results

Stock quotes in this article: RAIL  

CHICAGO (AP) — Shares of FreightCar America Inc. plunged Tuesday after the railroad freight car maker reported first-quarter profit above analyst estimates, but its revenue widely missed expectations.

The company said it earned almost $2.6 million, or 22 cents per share, compared with a loss of $10.2 million, or 87 cents per share, during the same period last year. Revenue was $39.6 million, down from $95.1 million a year ago.

Analysts surveyed by Thomson Reuters expected a profit of 13 cents per share on revenue of $109.9 million. ...

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