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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTOR at https://www.zacks.com/ap/MTOR

Categories: Business News