American Axle (AXL) Reports Q2 EPS of 65c; Raises FY11 Sales Outlook
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American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) reported Q2 EPS of $0.65, $0.21 better than the analyst estimate of $0.44. Revenue for the quarter came in at $686.2 million versus the consensus estimate of $631.93 million.
Raises its FY11 sales guidance from $2.4-$2.5 billion to $2.5-$2.6 billion, which compares to the Street estimate of $2.52 billion.
Raises its FY11 sales guidance from $2.4-$2.5 billion to $2.5-$2.6 billion, which compares to the Street estimate of $2.52 billion.
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