109.14
0.72%
0.78
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Why is Allison Transmission Holdings Inc (ALSN) Stock down?
We've noticed a 7.19% decline in Allison Transmission Holdings Inc (ALSN) stock during the 2024-04-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:
Shares of Alison Transmission Holdings (ALSN) dropped by 10.40% from $57.20 to $51.25 in the trading on Thursday, October 26, 2023. The reason why ALSN stock down is due to a mixed earnings report. While Allison beat earnings expectations, posting $1.76 per share compared to an estimated $1.72 per share, it missed revenue expectations, achieving $736 million instead of the expected $758.3 million. Despite the sales miss, Allison demonstrated 4% year-over-year sales growth and impressive profit margins, including a 30.2% operating profit margin and a 21.5% net profit margin. Despite strong earnings, the sales miss may have disappointed investors, leading to the stock's decline.
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