Allison Transmission Q4 2023 GAAP EPS $1.91 Beats $1.41 Estimate, Sales $775.00M Beat $744.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (ALSN) reported Q4 2023 earnings of $1.91 per share, surpassing the $1.41 estimate by 35.46%. Quarterly sales reached $775M, exceeding the $744.03M estimate by 4.16% and marking a 7.94% increase from the previous year.
February 13, 2024 | 9:06 pm
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Allison Transmission reported a significant beat on both earnings per share and sales for Q4 2023, with EPS at $1.91 against a $1.41 estimate and sales at $775M against a $744.03M estimate.
The significant beat on both EPS and sales estimates for Q4 2023 indicates strong financial performance and operational efficiency. This outperformance, especially in a competitive industry, is likely to positively influence investor sentiment and could lead to a short-term uptick in ALSN's stock price. The year-over-year sales growth further solidifies the company's growth trajectory, making it an attractive asset for investors.
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