ArvinMeritor Reports Mixed Results (ARM)

ArvinMeritor, Inc. ARM on Tuesday morning released financial results that missed Wall Street earnings expectations, while beating revenue estimates. The company reported a 1st quarter adjusted loss from continuing operations of 7 cents per share. ArvinMeritor, Inc reported revenue of $971 million, up 21% from $800 a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of zero cents per share, on revenue of $964.53 million. The company forecast full-year adjusted income from continuing operations in the range of $5 million to $15 million, on revenue in the range of $1.125 billion to $1.175 billion. ArvinMeritor, Inc. (ARM) ended the previous trading session at $21.86 per share. Analysts covering the company's stock have a consensus price target of $25.11 per share. ArvinMeritor, Inc is a global supplier of a broad portfolio of axle, brake and suspension solutions to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer, bus & coach and off-highway machinery manufacturers, in addition to defense contractors. Read more from Benzinga's Company news.