FreightCar America (RAIL) Misses Q2 EPS by 13c
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FreightCar America, Inc. (NASDAQ: RAIL) reports Q2 EPS of $0.09 vs. consensus of $0.22. Revenues were $55.1 million vs. $78.00 million consensus.
There were no net orders for new railcars in the third quarter of 2009, compared to 694 units ordered in the second quarter of 2009, and 2,329 units ordered in the third quarter of 2008. Railcar deliveries totaled 695 units in the third quarter, compared to 1,207 units delivered in the second quarter of 2009 and 3,082 units delivered in the third quarter of 2008. Total backlog of unfilled orders was 777 units at the end of the third quarter, compared with 1,472 units at the end of the second quarter of 2009 and 4401 units at the end of the third quarter of 2008.
"The decline in order activity in the quarter illustrates that the market for new railcars remains very challenging. However, I believe we are performing well in a difficult environment," said Chris Ragot, President and CEO.
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