D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
David L. DeNinno, Executive Vice President, General Counsel, and Secretary at Westinghouse Air Brake Technologies Corp (NYSE:WAB), recently sold 3,000 shares of the company’s common stock. The shares were sold at a weighted average price of $191.8215, with the total transaction valued at approximately $575,464. The transaction comes as WAB, currently valued at $32.65 billion, trades near its 52-week high of $210.88. According to InvestingPro analysis, the stock is slightly overvalued at current levels. Following the sale on May 2, 2025, DeNinno retains ownership of 63,450 shares in the company. The sales were executed within a price range of $191.73 to $191.885, as indicated in the SEC filing. The stock has demonstrated strong performance, with a 17.59% return over the past year. InvestingPro has identified 8 additional key investment tips for WAB, including its 31-year track record of consistent dividend payments and robust financial health metrics, available in the comprehensive Pro Research Report.
In other recent news, Wabtec reported first-quarter earnings that exceeded analyst expectations, with an adjusted earnings per share (EPS) of $2.28 compared to the forecasted $2.03. The company’s revenue matched expectations at $2.61 billion, reflecting a 4.5% increase year-over-year. This strong performance was attributed to significant international sales and effective cost management. Wabtec also raised its guidance for adjusted EPS for the fiscal year 2025 to a range of $8.35 to $8.95, indicating confidence in future growth despite economic uncertainties. The company’s backlog showed healthy growth, with a 6.3% increase in the 12-month backlog and a 1.0% rise in the multi-year backlog, providing visibility into future revenue streams. Wabtec maintained solid liquidity, ending the quarter with $698 million in cash and cash equivalents. The company returned $141 million to shareholders through dividends and share repurchases. Looking ahead, Wabtec anticipates maintaining strong operating cash flow conversion of greater than 90% for the full year 2025, reflecting its ability to navigate through uncertain economic conditions.
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