BUZZ - Wabtec shares fall as third-quarter revenue misses expectations, overshadowing profit outlook upgrade

October 21 - ** Wabtec (WAB.N) shares fell more than 3% to close at $272.99 after reporting third-quarter financial results

**According to London Stock Exchange Group (LSEG) data, the railway equipment supplier reported third-quarter revenue of $3.12 billion, below expectations of $3.20 billion

** The company raised its full-year adjusted earnings per share guidance from $10.60–$10.90 to $10.85–$11.05

** The company reaffirmed its full-year revenue forecast of $12.30 billion to $12.60 billion

** Third-quarter adjusted earnings per share were $2.83, beating market expectations of $2.74

** As of the end of September, total order volume grew 22.9% year-on-year from $25.58 billion to $31.44 billion

** Of 14 brokerages, 10 rated the stock “Buy” or higher, 4 rated it “Hold”; the median price target was $338—data compiled by LSEG

** As of the previous trading session's close, the stock was up about 33% year-to-date

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