Summary
- Trinity beat earnings expectations yet again.
- Shockingly lower guidance should have been communicated in previous call as one could speculate that management may have had some
idea. - TRN has a lot of explaining to do during the call which will be a must listen/read for shareholders.
- Was mistakenly too bullish, and will be reducing my holding.
Trinity Industries (NYSE:TRN) released results after hours yesterday. The earnings beat was typical and expected (as shown below), but guidance was absolutely horrible. In addition, some of the numbers in the press release do not entirely make sense when compared to the guidance given. The conference call is later today and investors can hear it here.
