Meritor: Fiscal Q4 Earnings Snapshot

TROY, Mich. (AP) _ Meritor Inc. (MTOR) on Wednesday reported fiscal fourth-quarter earnings of $62 million.

On a per-share basis, the Troy, Michigan-based company said it had profit of 87 cents. Earnings, adjusted for one-time gains and costs, were 80 cents per share.

The supplier of parts for commercial vehicles and heavy equipment posted revenue of $945 million in the period.

For the year, the company reported profit of $199 million, or $2.73 per share. Revenue was reported as $3.83 billion.

Meritor expects full-year earnings in the range of $3.25 to $3.75 per share, with revenue in the range of $4.1 billion to $4.3 billion.


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