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INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Allison Transmission Holdings Inc. (ALSN) on Tuesday reported fourth-quarter earnings of $170 million.
On a per-share basis, the Indianapolis-based company said it had profit of $1.91.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The automatic transmission maker posted revenue of $775 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $755.1 million.
For the year, the company reported profit of $673 million, or $7.40 per share. Revenue was reported as $3.04 billion.
Allison Transmission expects full-year revenue in the range of $3.05 billion to $3.15 billion.
Allison Transmission shares have risen almost 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.54, an increase of 35% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALSN at https://www.zacks.com/ap/ALSN