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Shares of Meritor (NYSE:MTOR) were flat in pre-market trading after the company reported Q3 results.
Earnings per share fell 139.17% year over year to ($0.47), which missed the estimate of ($0.46).
Revenue of $514,000,000 decreased by 55.92% year over year, which beat the estimate of $467,840,000.
Q4 EPS expected to be between ($0.10) and ($0.10).
Q4 revenue expected to be between $700,000,000 and $700,000,000.
Conference Call Details
Date: Jul 29, 2020
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/sdjwvucn
Recent Stock Performance
52-week high: $27.18
Company's 52-week low was at $10.91
Price action over last quarter: Up 25.52%
Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.
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