Shares of Meritor (MTOR -12.8%) are among the day's worst performers as the producer of parts...

|By:, SA News Editor

Shares of Meritor (MTOR -12.8%) are among the day's worst performers as the producer of parts for commercial vehicles posted a surprise FQ1 loss and saw revenue drop slightly, while unveiling plans to cut 200 positions worldwide. MTOR also cut its full-year revenue estimates but backed its adjusted earnings guidance.