NEW YORK (TheStreet) -- American Railcar Industries (ARII) - Get Report stock is falling Thursday after missing analysts' expectations in its first quarter. The results were lower primarily due to decreased revenue in its manufacturing segment on an increased amount of tank railcars shipped for the lease fleet relative to direct sale shipments.

Over the March-ended quarter, the company earned an adjusted $1.03 a share, 10 cents less than analysts surveyed by Thomson Reuters anticipated. Revenue slid 6.7% year over year to $182.1 million and missed forecasts for $203.24 million. 

By late afternoon, shares were down 14.6% to $59.28.

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TheStreet Ratings team rates AMERICAN RAILCAR INDS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMERICAN RAILCAR INDS INC (ARII) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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