Meritor: Fiscal Q2 Earnings Snapshot

TROY, Mich. (AP) _ Meritor Inc. (MTOR) on Tuesday reported fiscal second-quarter profit of $63 million.

On a per-share basis, the Troy, Michigan-based company said it had net income of 86 cents. Earnings, adjusted for one-time gains and costs, came to 68 cents per share.

The supplier of parts for commercial vehicles and heavy equipment posted revenue of $983 million in the period.

Meritor expects full-year earnings in the range of $2.15 to $2.30 per share, with revenue in the range of $3.65 billion to $3.8 billion.

Meritor shares have decreased roughly 3% since the beginning of the year. The stock has climbed 41% 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