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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