INDIANAPOLIS (AP) _ Allison Transmission Holdings Inc. (ALSN) on Monday reported first-quarter profit of $139 million.
On a per-share basis, the Indianapolis-based company said it had net income of $1.20.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The automatic transmission maker posted revenue of $637 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $597 million.
Allison Transmission shares have decreased 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.21, a decrease of 25% in the last 12 months.