Wabtec slips as Q3 revenue miss overshadows higher profit forecast

** Wabtec WAB.N shares fall more than 3% to $272.99 after Q3 results

** The rail equipment supplier's Q3 rev of $3.12 bln misses est $3.20 bln, as per LSEG data

** Co raises its FY adjusted EPS forecast to $10.85 - $11.05 from $10.60 - $10.90

** Co reaffirms its FY revenue outlook of $12.30 bln to $12.60 bln

** Q3 adjusted profit per share of $2.83 beats est $2.74 per share

** Co's total backlog at end-Sept rises 22.9% to $31.44 bln from $25.58 bln a year earlier

** 10 of 14 brokerages rate stock "buy" or above, 4 "hold"; median PT: $338 - data compiled by LSEG

** As of last close, stock has risen ~33% YTD