U.S. Markets open in 2 hrs 57 mins

Gatx: 3Q Earnings Snapshot

CHICAGO (AP) _ Gatx Corp. (GATX) on Tuesday reported third-quarter earnings of $47 million.

On a per-share basis, the Chicago-based company said it had profit of $1.22.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The equipment finance company posted revenue of $349.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $356.4 million.

Gatx expects full-year earnings in the range of $4.90 to $5.10 per share.

Gatx shares have risen 35 percent since the beginning of the year. The stock has risen 37 percent in the last 12 months.

_____

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