04:58 AM EDT, 04/26/2024 (MT Newswires) -- Allison Transmission ( ALSN ) reported Q1 earnings Thursday of $1.90 per diluted share, up from $1.85 a year earlier.

Analysts polled by Capital IQ expected $1.91.

Net sales for the quarter ended March 31 was $789 million, up from $741 million a year earlier.

Analysts surveyed by Capital IQ expected $774.8 million.

For 2024, the machinery manufacturer reaffirmed its previous guidance of net income of $635 million to $685 million on revenue of $3.05 billion to $3.15 billion. Analysts polled by Capital IQ expect income of $649.3 million on revenue of $3.11 billion.

Shares of the company were down nearly 3% in recent Friday premarket activity.

Price: 77.92, Change: -2.34, Percent Change: -2.92