Allison Transmission: Q3 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Monday reported third-quarter profit of $191 million.

On a per-share basis, the Indianapolis-based company said it had net income of $2.30. Earnings, adjusted for one-time gains and costs, were $2.90 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.

The automatic transmission maker posted revenue of $1.53 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.47 billion.

Allison Transmission expects full-year revenue in the range of $5.98 billion to $6.08 billion.

Allison Transmission shares have increased 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $113.09, an increase of 37% 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