USA: ArvinMeritor net income off 16% in fiscal Q1
ArvinMeritor today reported sales of $1.6 billion and net income before special items of $21 million, or $0.32 per diluted share, for its first fiscal quarter ended December 31, 2001. Sales declined $93 million, or six percent, and net income before special items decreased $4 million, or 16 percent, as compared to last year's first-quarter results.
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