Meritor (MTOR) Tops Q2 EPS by 9c; Provides Mixed Outook
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Meritor Reports Second-Quarter Fiscal Year 2015 Results
April 29, 2015 7:30 AM EDTTROY, Mich., April 29, 2015 /PRNewswire/ --Â Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter ended March 31, 2015.
Second-Quarter Highlights
Sales were $864 million, down $90 million, or 9.4 percent, from the same period last year. Net income attributable to Meritor on a GAAP basis was $43 million, compared to $1 million during the second quarter of fiscal year 2014. Diluted earnings per share from continuing operations was $0.38, compared to diluted earnings per share of $0.01 a year ago. Adjusted income from continuing operations was $42 million, or... More