Meritor: Fiscal 1Q Earnings Snapshot
TROY, Mich. (AP) _ Meritor Inc. (MTOR) on Wednesday reported fiscal first-quarter net income of $32 million.
On a per-share basis, the Troy, Michigan-based company said it had profit of 44 cents. Earnings, adjusted for one-time gains and costs, were 60 cents per share.
The supplier of parts for commercial vehicles and heavy equipment posted revenue of $889 million in the period.
Meritor expects full-year earnings in the range of $2.25 to $2.50 per share, with revenue in the range of $3.65 billion to $3.8 billion.
Meritor shares have dropped 3.5% since the beginning of the year. The stock has increased 19% in the last 12 months.