WASHINGTON (dpa-AFX) - Belgium-based WABCO Holdings Inc. (WBC) said its first-quarter performance net income attributable to the company was $77.4 million or $1.17 per share, up from $77.0 million or $1.12 per share a year ago, while GAAP net income attributable to the company slid to $89.2 million or $1.34 per share from $114.7 million or $1.66 per share last year.
On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.04 for the quarter. Analysts' estimates typically exclude one-time items.
Sales amounted to $657.3 million compared with $678.2 million in the earlier year quarter. Analysts estimated revenues of $644.87 million for the quarter.
In addition, WABCO confirmed its 2012 guidance, which includes estimated 2012 sales growth to range between negative 2 percent and positive 3 percent in local currencies, earnings per share on a performance basis from $4.30 to $4.80, and GAAP earnings per share from $4.32 to $4.82.
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