Greenbrier Shares Decline

Shares of Greenbrier (GBX) were sharply lower on Tuesday after the transportation manufacturing company posted third-quarter results that missed analysts’ estimates amid continued weakness in its railcar repair business and a delayed rail concession renewal process in Brazil. The Lake Oswego, Ore.-headquartered company, which manufactures gondolas, boxcars, railcars and tank cars, reported third-quarter revenue of $856.2 million in the three […]