UPDATE 1-GATX Q1 beats Street, sees rev pressure

* Q1 EPS $0.40 vs est. $0.33/shr

* CEO: Signs of recovery inconsistent

* Shares down 2 percent

April 22 (BestGrowthStock) – GATX Corp (GMT.N: ), which provides
leasing services for transportation assets, posted
better-than-expected quarterly results, but said it sees
revenue remaining under pressure until there is a sustainable
global economic recovery.

“As we expected entering 2010, our markets have stabilized
at relatively low levels. While there are some signs of
recovery, they are inconsistent,” Chief Executive Brian Kenney
said in a statement.

For the first quarter, GATX reported net income of $18.7
million, or 40 cents a share, compared with $27.6 million, or
56 cents a share, a year earlier.

Revenue was almost flat at $263.6 million.

Analysts on an average were expecting earnings of 33 cents
a share on revenue of $252.2 million, according to Thomson
Reuters I/B/E/S.

Shares of Chicago-based company were trading down 2 percent
at $33.25 on the New York Stock Exchange.

Stock Research

(Reporting by Megha Mandavia in Bangalore; Editing by Jarshad

UPDATE 1-GATX Q1 beats Street, sees rev pressure