2023-06-29 09:14:17 ET
Greenbrier's ( NYSE: GBX ) stock surged 11% in premarket trading after the maker of railcars reported sales and profit that beat Wall Street's estimates. The company also raised its dividend.
Adjusted EPS of $1.02 for fiscal Q3 was greater than the $0.58 average estimate among analysts.
Revenue rose 31% from a year earlier to $1.04 billion, beating estimates by $135.1 million.
The company's board increased the quarterly dividend by 11% to $0.30 a share.
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Greenbrier's stock jumps after quarterly results beat estimates