INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Wednesday reported third-quarter profit of $137 million.
The Indianapolis-based company said it had profit of $1.63 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The automatic transmission maker posted revenue of $693 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $755.9 million.
Allison Transmission expects full-year revenue in the range of $2.98 billion to $3.03 billion.
Allison Transmission shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $81.59, a decline of 19% 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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