WABCO Holdings Inc.’s WBC third-quarter 2018 earnings were $1.78 per share, beating the Zacks Consensus Estimate of $1.60. Moreover, the bottom line improved 4.1% from the prior-year quarter figure of $1.71.On a reported basis, total revenues rose 10.5% to $914.8 million from $827.8 million a year ago. However, revenues lagged the Zacks Consensus Estimate of $934 million. During the quarter under review, global truck and bus production decreased by 8% on a year-over-year basis.During the reported quarter, gross profit was $275.1 million compared with $249.6 million recorded in third-quarter 2017. Adjusted operating expenses rose to $163.1 million from $136.1 million in the prior-year quarter.Wabco Holdings Inc. Price, Consensus and EPS Surprise Wabco Holdings Inc. Price, Consensus and EPS Surprise | Wabco Holdings Inc. Quote Financial DetailsWABCO had cash and cash equivalents of $832.2 million as of Sep 30, 2018, compared with $1.14 billion as of Dec 31, 2017. The company’s long-term debt was $861.7 million as of Sep 30, 2018, marking a decline from $1.02 billion as of Dec 31, 2017.In third-quarter 2018, WABCO witnessed net cash inflow of $134.4 million from operations compared with $84.1 million a year ago.Share Buyback UpdateDuring the third quarter, the company bought 740,490 shares for $90.2 million. Between June 2011 and September 2018, it repurchased 20,998,402 shares for $1.8 billion in open market transactions.In 2018, WABCO aims to repurchase shares worth approximately $300 million, subject to market conditions and regularity approvals.2018 OutlookFor 2018, WABCO anticipates net sales of approximately $3.85-$3.90 billion compared with $3.85-$3.95 billion stated earlier. The company updated its performance operating margin expectation from 14.3-14.7% to 14.2-14.4%. Performance adjusted earnings per share are expected to be $7.65-$7.85 versus $7.45-$7.75 stated earlier.Zacks Rank & Key PicksWABCO currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. ALSN, AB Volvo VLVLY and Navistar International Corporation NAV. While both Allison Transmission and Volvo sport a Zacks Rank #1 (Strong Buy), Navistar has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 15.5%.Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have risen 36.4%.Navistar has an expected long-term growth rate of 5%. Over the past two years, shares of the company have risen 50.9%.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navistar International Corporation (NAV): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report AB Volvo (VLVLY): Free Stock Analysis Report To read this article on Zacks.com click here.