Allison Transmission Q1 EPS $1.90 Beats $1.89 Estimate, Sales $789.00M Beat $772.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (NYSE:ALSN) reported Q1 earnings of $1.90 per share, surpassing the $1.89 estimate, and sales of $789M, exceeding the $772.3M estimate. This represents a 2.7% increase in earnings and a 6.48% increase in sales from the same period last year.
April 25, 2024 | 8:35 pm
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Allison Transmission reported a Q1 EPS of $1.90, beating estimates, and sales of $789M, also above expectations. Year-over-year, earnings and sales saw increases of 2.7% and 6.48%, respectively.
Beating both EPS and sales estimates indicates strong financial health and operational efficiency, likely leading to positive investor sentiment in the short term. The year-over-year growth in both earnings and sales further reinforces the company's upward trajectory, making a positive impact on the stock price more likely.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100