Wabco Raises Its Forecasts For 2010

Wabco Holdings Inc WBC, a supplier to the commercial vehicle industry, has raised its forecast for the full year 2010 following the strong market developments across the majority of regions. The Piscataway, New Jersey-based Company is now expecting its sales to increase between 30%-35% in local currencies for 2010. The company was earlier expecting sales growth of 23%-28%. WBC has also raised its operating margin guidance for the year to 8%-9%, up from the previous range of 6.5%-8.5%. Moreover, the company has raised its EPS projections to $1.75-$2.05, from the previous guidance of $1.40-$1.80. The supplier mentioned, "Most of the markets that we serve around the world are developing more favorably than we saw two months ago." WBC’s shares fell 1.81% to close at $33.63 yesterday. Read more from Benzinga's Company news.