INDIANAPOLIS (AP) _ Allison Transmission Holdings Inc. (ALSN) on Wednesday reported third-quarter profit of $94 million.

On a per-share basis, the Indianapolis-based company said it had profit of 89 cents.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share.

The automatic transmission maker posted revenue of $567 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $587.9 million.

Allison Transmission expects full-year revenue in the range of $2.33 billion to $2.4 billion.

Allison Transmission shares have dropped 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.63, a drop of 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALSN at https://www.zacks.com/ap/ALSN

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