09:05 AM EDT, 07/08/2024 (MT Newswires) -- Greenbrier (GBX) reported fiscal Q3 earnings Monday of $1.06 per diluted share, up from $0.64 per share a year earlier.

Four analysts polled by Capital IQ expected $1.13.

Revenue for the quarter ended May 31 was $820.2 million, down from $1.04 billion a year earlier.

Four analysts surveyed by Capital IQ expected $920.9 million.

The company said it has maintained its quarterly dividend at $0.30 per share, payable Aug. 13 to shareholders of record as of July 23.

The rail transportation equipment company said it now expects fiscal 2024 revenue of $3.50 billion to $3.60 billion. That compares with its prior guidance of between $3.50 billion and $3.70 billion. Four analysts surveyed by Capital IQ expect $3.55 billion.

Shares of Greenbrier were down more than 5% in recent Monday premarket activity.

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