Allison Transmission Q2 2024 GAAP EPS $2.13, Inline, Sales $816.000M Beat $799.481M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (NYSE:ALSN) reported Q2 2024 GAAP EPS of $2.13, meeting analyst expectations. The company also reported sales of $816 million, surpassing the $799.481 million estimate and marking a 4.21% increase from the same period last year.
July 25, 2024 | 8:18 pm
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Allison Transmission reported Q2 2024 GAAP EPS of $2.13, in line with analyst estimates. Sales of $816 million beat expectations by 2.07% and increased 4.21% year-over-year.
The company's earnings per share met expectations, which is neutral news. However, the sales beat and year-over-year growth are positive indicators, likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100