Tenneco (TEN) Misses Q1 EPS by 43c
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Tenneco Reports First Quarter 2019 Results
May 9, 2019 8:00 AM EDTLAKE FOREST, Ill., May 9, 2019 /PRNewswire/ -- Tenneco Inc. (NYSE: TEN) reported first quarter 2019 revenue** of $4.5 billion, a 74% increase versus $2.6 billion a year ago. On a constant currency basis, organic revenue grew 4% and net revenue growth from acquisitions and divestitures was 75%, while the impact of exchange rates was negative 5%. On a constant currency pro forma basis, total revenue increased 1% versus last year, while light vehicle industry production declined 7%. Value add revenue for the first quarter was $ 3.8 billion.
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