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.