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Allison Transmission Holdings' shares rose 11% after Q3 earnings beat expectations and the company projected strong end-market demand for 2024, raising FY 2024 guidance.
Allison Transmission Holdings' shares rose 11% on Wednesday after the company issued an upbeat 2024 outlook based on strong end-market demand.
The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49, and its revenue for the quarter was up 7.9% on a year-over-year basis.
The company updated its FY 2024 guidance to EPS and expects another record revenue year.
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Las acciones de Allison Transmission Holdings subieron un 11% después de que las ganancias del tercer trimestre superaron las expectativas y la compañía proyectó una fuerte demanda del mercado final para 2024, lo que elevó las previsiones para el año fiscal 2024.