February 1, 2011 / 2:47 PM / 7 years ago

UPDATE 1-ArvinMeritor posts loss, changing name

* Company will change name to Meritor in late March

* Company will take new ticker symbol

* Revenue outlook Q2 of FY 2011 $1.13 mln to $1.18 mln

DETROIT, Feb 1 (Reuters) - Commercial truck parts maker ArvinMeritor Inc ARM.N posted on Tuesday a quarterly loss due to ongoing tax issues, missing analysts’ estimates of breaking even.

The Troy, Michigan-based company also announced that it would change its name to Meritor Inc by late March and take on a new ticker symbol, which was not disclosed in its quarterly earnings report.

For the first quarter ended Dec. 31, ArvinMeritor reported a loss of $6 million from continuing operations, or 7 cents per share, compared with a year-earlier loss of $48 million or 6 cents per share.

The company forecast that revenue in the second quarter would range from $1.125 million to $1.175 million. (Reporting by Bernie Woodall, editing by Gerald E. McCormick)

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