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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:07 EDTMTORMeritor announced board authorized repurchase of up to $210M
The Company expects repurchases under this program to be made through open market or privately negotiated transactions, which would commence upon achievement of its M2016 debt reduction target. With the proceeds from the Eaton lawsuit deployed to pre-fund pension contributions, the Company now expects to achieve this target in the second half of calendar year 2015.
News For MTOR From The Last 14 Days
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February 3, 2016
08:04 EDTMTORMeritor cuts FY16 adjusted EPS to $1.65-$1.75 from $1.70-$1.80, consensus $1.72
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08:03 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $633M
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08:02 EDTMTORMeritor reports Q1 adjusted EPS 33c, consensus 37c
Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.

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