ArvinMeritor Inc. said Wednesday that it expects the company's earnings per share for the second quarter, ending March 31, will be in the range of 50-53 cents. The current First Call consensus estimate is $0.50.
"The markets are stronger than expected, which has driven our revenues and earnings higher than we predicted in our earlier outlook," said ArvinMeritor chairman & CEO Larry Yost.
ArvinMeritor said that in the past two months, sales by light vehicle OEMs in North America and Western Europe have been stronger than expected. Although truck market demand in North America and Western Europe is beginning to improve, trailer markets remain weak. Light vehicle aftermarket revenues appear to be on track with earlier forecasts.
