Why Allison Transmission Stock Jumped Today

Shares of Allison Transmission (ALSN 13.91%) soared 13.9% on Wednesday after the commercial-duty transmission manufacturer announced strong fourth-quarter results.Allison Transmission caps a record yearAllison Transmission's fourth-quarter 2023 revenue grew 7.9% year over year to $775 million, translating to a 26% increase in net income to$ 170 million, or $1.91 per share. Wall Street analysts, on average, were only expecting quarterly earnings of$ 1.43 per share on revenue of $745 million.Company Chairman ...