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American Railcar: 2Q Earnings Snapshot

American Railcar: 2Q Earnings Snapshot

Associated Press

ST. CHARLES, Mo. (AP) _ American Railcar Industries Inc. (ARII) on Wednesday reported second-quarter profit of $9.2 million.

On a per-share basis, the St. Charles, Missouri-based company said it had net income of 48 cents. Earnings, adjusted for asset impairment costs, came to 61 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The railcar maker posted revenue of $146.5 million in the period.

American Railcar shares have risen slightly more than 9 percent since the beginning of the year. The stock has climbed 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARII at https://www.zacks.com/ap/ARII