INDIANAPOLIS (AP) 鈥� INDIANAPOLIS (AP) 鈥� Allison Transmission Holdings Inc. (ALSN) on Monday reported first-quarter earnings of $112 million.
The Indianapolis-based company said it had profit of $1.33 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $2.57 per share.
The automatic transmission maker posted revenue of $1.41 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.
Allison Transmission expects full-year revenue in the range of $5.58 billion to $5.93 billion.
Allison Transmission shares have risen 33% since the beginning of the year. In the final minutes of trading on Monday, shares hit $130, a climb of 34% in the last 12 months.
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