INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Thursday reported first-quarter earnings of $169 million.
On a per-share basis, the Indianapolis-based company said it had net income of $1.90.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The automatic transmission maker posted revenue of $789 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $758.5 million.
Allison Transmission expects full-year revenue in the range of $3.05 billion to $3.15 billion.
Allison Transmission shares have climbed 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $80.26, a climb of 73% in the last 12 months.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
