Allison Transmission Q2 EPS $1.92 Beats $1.62 Estimate, Sales $783.00M Beat $735.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (NYSE:ALSN) reported Q2 earnings of $1.92 per share, beating the analyst consensus estimate of $1.62 by 18.52%. This is a 52.38% increase from the same period last year. The company also reported quarterly sales of $783.00 million, beating the analyst consensus estimate of $735.86 million by 6.41%. This is a 17.92% increase from the same period last year.
July 27, 2023 | 8:19 pm
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Allison Transmission's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance.
Allison Transmission's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the company's stock. The significant increase in earnings and sales from the same period last year indicates strong financial performance, which could lead to a positive short-term impact on the company's stock.
CONFIDENCE 90
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RELEVANCE 100