Trinity Industries shares fall on weak outlook
Trinity Industries Inc. shares fell in the extended session after the maker of railcars and barges forecast earnings well below Wall Street estimates. Trinity shares dropped 11% to $18.90 after hours. The company estimated 2016 earnings of $2 to $2.40 a share assuming that "the current weak market conditions will continue throughout the year." Analysts surveyed by FactSet had forecast full-year earnings of $3.65 a share. Trinity reported fourth-quarter earnings of $1.30 a share on revenue of $1.55 billion. Analysts had expected earnings of $1.09 a share on revenue of $1.61 billion.
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