Stock Track | Allison Transmission Soars 7% After Blowout Q3 Earnings Beat

Stock Track

Oct 30, 2024

Allison Transmission Holdings Inc (NASDAQ: ALSN) shares surged 7.42% after the company reported strong third-quarter earnings that exceeded Wall Street expectations. For the quarter ended September 30, Allison posted adjusted earnings per share of $2.27, well above analysts' consensus estimate of $2.02. Revenue rose 12% year-over-year to $824 million, topping forecasts of $790.02 million.

The heavy machinery manufacturer's results marked a significant improvement from the same period last year when it reported EPS of $1.76. Net income for the quarter came in at $200 million. Allison Transmission's stock has risen nearly 72% so far this year, reflecting the company's robust financial performance.

Allison Transmission's blowout quarterly results fueled a rally in the stock on Tuesday morning. Investors cheered the strong earnings beat and revenue growth, signaling confidence in the company's ability to navigate supply chain challenges and capitalize on robust demand for its products. Analysts have an overall "hold" rating on the stock, with a median 12-month price target of $105.50.

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For the quarter ended September 30, Allison posted adjusted earnings per share of $2.27, well above analysts' consensus estimate of $2.02. Revenue rose 12% year-over-year to $824 million, topping forecasts of $790.02 million.</p>\n\n<p>The heavy machinery manufacturer's results marked a significant improvement from the same period last year when it reported EPS of $1.76. Net income for the quarter came in at $200 million. Allison Transmission's stock has risen nearly 72% so far this year, reflecting the company's robust financial performance.</p>\n\n<p>Allison Transmission's blowout quarterly results fueled a rally in the stock on Tuesday morning. Investors cheered the strong earnings beat and revenue growth, signaling confidence in the company's ability to navigate supply chain challenges and capitalize on robust demand for its products. Analysts have an overall \"hold\" rating on the stock, with a median 12-month price target of $105.50.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALSN","symbol_name":"艾里逊变速箱控股公司","start_time":0,"source_url":"","article_id":"1163529461","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163529461","pubTimestamp":1730295075,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Allison Transmission Holdings Inc  shares surged 7.42% after the company reported strong third-quarter earnings that exceeded Wall Street expectations. For the quarter ended September 30, Allison posted adjusted earnings per share of $2.27, well above analysts' consensus estimate of $2.02. Revenue rose 12% year-over-year to $824 million, topping forecasts of $790.02 million.The heavy machinery manufacturer's results marked a significant improvement from the same period last year when it reported","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALSN":"艾里逊变速箱控股公司"},"translate_title":"股票追踪艾里逊变速箱(Allison Transmission)第三季度盈利井喷后股价飙升7%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALSN":1},"content_text":"Allison Transmission Holdings Inc (NASDAQ: ALSN) shares surged 7.42% after the company reported strong third-quarter earnings that exceeded Wall Street expectations. For the quarter ended September 30, Allison posted adjusted earnings per share of $2.27, well above analysts' consensus estimate of $2.02. 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