(Adds reasons for outlook revision, stock activity, consensus estimates) DETROIT, Sept 23 (Reuters) - Car and truck parts makerArvinMeritor Inc has raised its earnings outlook for its fiscal year as higher overseas demand offset a steep U.S. industry downturn, sending its shares up 5 percent. ArvinMeritor expects earnings per share from continuing operations to be in the range of $1.55 to $1.65 for fiscal 2008 ending September, up from the previous range of $1.40 to $1.60, the company ...
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