Trinity Industries Inc. shares fell in the extended session after the maker of railcars and barges forecast earnings well below Wall Street estimates. Trinity shares dropped 11% to $18.90 after hours. The company estimated 2016 earnings of $2 to $2.40 a share assuming that “the current weak market conditions will continue throughout the year.” Analysts surveyed by FactSet had forecast full-year earnings of $3.65 a share. Trinity reported fourth-quarter earnings of $1.30 a share on revenue of $1.55 billion. Analysts had expected earnings of $1.09 a share on revenue of $1.61 billion.
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