INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Tuesday reported fourth-quarter earnings of $175 million.
On a per-share basis, the Indianapolis-based company said it had profit of $2.01.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The automatic transmission maker posted revenue of $796 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $791.2 million.
For the year, the company reported profit of $731 million, or $8.31 per share. Revenue was reported as $3.23 billion.
Allison Transmission expects full-year revenue in the range of $3.2 billion to $3.3 billion.
Allison Transmission shares have increased roughly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $114.19, a climb of 82% 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
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