Allison Transmission Holdings Inc (ALSN)

Shares of Alison Transmission Holdings (ALSN) dropped by 10.40% from $57.20 to $51.25 in the trading on Thursday, October 26, 2023. The reason why ALSN stock down is due to a mixed earnings report. While Allison beat earnings expectations, posting $1.76 per share compared to an estimated $1.72 per share, it missed revenue expectations, achieving $736 million instead of the expected $758.3 million. Despite the sales miss, Allison demonstrated 4% year-over-year sales growth and impressive profit margins, including a 30.2% operating profit margin and a 21.5% net profit margin. Despite strong earnings, the sales miss may have disappointed investors, leading to the stock's decline.