Allison Transmission: Q2 Earnings Snapshot
INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Thursday reported second-quarter earnings of $187 million.
On a per-share basis, the Indianapolis-based company said it had net income of $2.13.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The automatic transmission maker posted revenue of $816 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $798.7 million.
Allison Transmission expects full-year revenue in the range of $3.09 billion to $3.17 billion.
Allison Transmission shares have risen 45% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $84.41, an increase of 45% 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