Meritor (MTOR) Tops Q2 EPS by 9c; Provides Mixed Outook

Meritor (NYSE: MTOR) reported Q2 EPS of $0.41, $0.09 better than the analyst estimate of $0.32. Revenue for the quarter came in at $864 million versus the consensus estimate of $946.57 million.

Meritor sees FY2015 EPS of $1.30-$1.40, versus prior guidance of $1.20-$1.30 and the consensus of $1.32. Meritor sees FY2015 revenue of $3.5-3.55 billion, versus prior guidance of $3.67 billion and the consensus of $3.7 billion.

"We have continued to improve our financial performance despite ongoing macroeconomic challenges from weak global markets, particularly Brazil, and foreign exchange headwinds resulting from the strengthening U.S. dollar," said Ike Evans, Executive Chairman of Meritor. "Our results demonstrate the continued success of our M2016 initiatives in driving solid margin expansion."

For earnings history and earnings-related data on Meritor (MTOR) click here.

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