Meritor (MTOR) Misses Q1 EPS by 4c
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Meritor Reports First-Quarter Fiscal Year 2016 Results
February 3, 2016 8:01 AM UTCTROY, Mich., Feb. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2015.
First-Quarter Highlights
Sales were $809 million, down $70 million, or approximately 8 percent, from the same period last year. Net income attributable to Meritor from continuing operations on a GAAP basis was $28 million, or $0.30 per diluted share, compared to $32 million, or $0.32 per diluted share, in the same period last year. Adjusted income from continuing operations was $31 million, or adjusted diluted earnings per share of $0.33,... More