FX.co ★ GATX Q3 Profit Surges

GATX Corporation (GATX) reported a significant increase in its third-quarter earnings compared to the same period last year. The company achieved a profit of $89 million, translating to earnings of $2.43 per share. In the previous year, their profit stood at $52.5 million, or $1.44 per share. Adjusting for tax adjustments and other items amounting to $2.5 million or $0.07 per share, GATX's earnings totaled $91.5 million. Analysts, on average, anticipated earnings of $1.85 per share, according to a survey conducted by Thomson Reuters, which typically excludes exceptional items. Additionally, GATX's revenue experienced growth, reaching $405.4 million, up from $360.1 million in the previous year.