Meritor Reports First-Quarter Fiscal Year 2020 Results
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Meritor (MTOR) Tops Q1 EPS by 8c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus
January 30, 2020 6:47 AM ESTMeritor (NYSE: MTOR) reported Q1 EPS of $0.64, $0.08 better than the analyst estimate of $0.56. Revenue for the quarter came in at $901 million versus the consensus estimate of $928.72 million.
First-Quarter Highlights
Sales of $901 millionNet income attributable to Meritor and net income from continuing operations attributable to Meritor were each $39 millionDiluted earnings per share from continuing operations of $0.48Adjusted income from continuing operations attributable to the company of $52 million, or $0.64 per adjusted diluted... More