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Trinity Industries (TRN) Stock Rallying Despite Q1 Earnings Miss

NEW YORK (TheStreet) -- Shares of Trinity Industries (TRN - Get Report) are jumping by 6.51% to $19.79 on heavy trading volume Friday afternoon, even though the Dallas-based company posted weaker-than-expected results for the 2016 first quarter.

After yesterday's closing bell, the diversified industrial company reported earnings of 64 cents per diluted share, which did not meet analysts' expectations of 69 cents per share.

Revenue for the quarter was $1.2 billion, missing Wall Street's estimates of $1.3 billion.

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