Tenneco (TEN) Misses Q4 EPS by 12c, Revenues Beat; Provides FY20 Revenue Guidance Below Consensus

Tenneco (NYSE: TEN) reported Q4 EPS of $0.28, $0.12 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $3.98 billion.

"Continued execution on cost reduction initiatives and operating improvements enabled us to deliver on our fourth quarter guidance, despite challenging economic and business conditions," said Brian Kesseler, Tenneco CEO. "We are executing our Accelerate program to drive additional cost savings, strengthen cash flow performance, and reduce leverage to drive value and better position both the DRiV and New Tenneco divisions for the planned separation."

GUIDANCE:

Tenneco sees FY2020 revenue of $16.7-17.1 billion, versus the consensus of $17.12 billion.

For earnings history and earnings-related data on Tenneco (TEN) click here.

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