Meritor bid down despite earnings topper [Seeking Alpha]
Meritor, Inc. (MTOR)
Last meritor, inc. earnings: 4/30 06:45 am
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investors.meritor.com
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Source: Seeking Alpha
Meritor bid down despite earnings topperMeritor (NYSE:MTOR) isdown 7.75%, despite topping Q1 earnings estimates and setting FY18 guidance ahead of expectations.The stock appears to be reacting to sector-wide weakness with trucking names and truck component makers after preliminary Class 8 orders data for April came in weak.Some analysts digging through the Meritor guidance are pointing to the weak underlying margin outlook due in part to high steel costs.Sources: CNBC and BloombergPreviously:Meritor beats by $0.10, beats on revenue (May 3)See all stocks on the move »Now read:Blue Apron up after earnings »
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