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INDIANAPOLIS (AP) _ Allison Transmission Holdings Inc. (ALSN) on Wednesday reported fourth-quarter profit of $60 million.
On a per-share basis, the Indianapolis-based company said it had profit of 53 cents.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The automatic transmission maker posted revenue of $535 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $510.5 million.
For the year, the company reported profit of $299 million, or $2.62 per share. Revenue was reported as $2.08 billion.
Allison Transmission expects full-year revenue in the range of $2.27 billion to $2.42 billion.
Allison Transmission shares have declined slightly more than 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.65, a decrease of 6.5% in the last 12 months.