Allison Transmission: Q3 Earnings Snapshot
INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Wednesday reported third-quarter net income of $158 million.
On a per-share basis, the Indianapolis-based company said it had net income of $1.76.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The automatic transmission maker posted revenue of $736 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $764.1 million.
Allison Transmission shares have risen 38% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.20, a rise of 47% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALSN at https://www.zacks.com/ap/ALSN
