FreightCar America (RAIL) Jumps on Large New Orders
Tweet
Share
E-mailGet Alerts RAIL Hot Sheet
Price: $6.68 -3.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +2.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +2.5%
Join SI Premium – FREE
Shares of FreightCar America, Inc. (NASDAQ: RAIL) are getting a boost Monday despite what would be considered dismal Q2 earnings results. Analysts, however, are pointing to a big pick up in new orders after the quarter ended.
The company said it received orders for over 5,500 coal and non-coal railcars received after the quarter end, which include orders for about 4,000 rebuilt coal cars to serve the Eastern coal market.
Shares of FreightCar are up 11% early to $19.95.
The company said it received orders for over 5,500 coal and non-coal railcars received after the quarter end, which include orders for about 4,000 rebuilt coal cars to serve the Eastern coal market.
Shares of FreightCar are up 11% early to $19.95.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- Profound Medical names Richard Fabian as president
- UBS Reiterates Buy Rating on Cheniere Energy (LNG)
Create E-mail Alert Related Categories
Momentum Movers, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
