Allison Transmission Q1 2024 GAAP EPS $1.90 Beats $1.89 Estimate, Sales $789.000M Beat $772.298M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (ALSN) reported Q1 2024 earnings of $1.90 per share, surpassing the $1.89 estimate. Sales reached $789M, exceeding the $772.298M forecast and marking a 6.48% increase from the previous year.
April 25, 2024 | 8:37 pm
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POSITIVE IMPACT
Allison Transmission reported a positive earnings surprise for Q1 2024, with both EPS and sales exceeding analyst expectations.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth over the previous year further strengthens the company's financial position, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100