GATX’s (NYSE: GATX) net profit rose 6% in the third quarter despite revenue declines for its North American rail segment.
Net income was $47.9 million in the third quarter of 2020 for the railcar lessor, compared with $45.1 million in the third quarter of 2019. Net income from continuing operations was $48.2 million, or $1.36 in diluted earnings per share, in the third quarter, compared with $37.2 million, or $1.03 in diluted earnings per share, in the third quarter of 2019.
The difference...
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