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