Tenneco (TEN) Tops Q3 EPS by 12c, Revenues In-Line
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Revenue Growth %: +17.7%
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Loss on sale of receivables: -2M
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Tenneco (NYSE: TEN) reported Q3 EPS of $1.70, $0.12 better than the analyst estimate of $1.58. Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.37 billion.
“Tenneco delivered a solid quarter of strong growth, outpacing industry production by nine percentage points, including double–digit growth in commercial truck and off-highway revenue,” said Brian Kesseler, co-CEO Tenneco. “The strength of Tenneco’s diversified business profile helped mitigate many dynamic economic factors, and I am pleased with our execution and continued focus on operational improvements and cost recoveries.”
For earnings history and earnings-related data on Tenneco (TEN) click here.
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