LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Friday reported fiscal first-quarter net income of $10.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Lake Oswego, Oregon-based company said it had profit of 32 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The maker of railroad freight car equipment posted revenue of $550.7 million in the period.

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