Parts maker ArvinMeritor on Wednesday reported that quarterly earnings fell after a charge for its unsuccessful attempt to take over competitor Dana Corporation, according to Reuters.
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The report said that net income in the first fiscal quarter ended December 31 declined to $US19 million, or 28 cents a share, from $32 million, or 47 cents a share, a year ago.
Analysts had expected 30 cents a share, with estimates ranging from 28 cents to 35 cents, according to Reuters Research, a unit of Reuters Group Plc.
