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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAllison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
The Indianapolis-based manufacturer posted earnings of $68.4 million, or 38 cents per share, compared with $52.1 million, or 28 cents per share, in the same quarter of 2014.
Analysts were expecting earnings of 34 cents per share.
The transmission maker posted revenue of $503.6 million in the period, missing Wall Street expectations of $511.4 million. Sales were up from $493.6 million in the year-ago period.
Allison officials attributed the revenue increase to improving sales in the North America "On-Highway" end market.
Company shares were down 4 percent Tuesday at midday, to $30.79 each.
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