Tenneco Reports Second Quarter 2019 Results
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Tenneco (TEN) Tops Q2 EPS by 27c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Below Consensus, Provides Spin-Off Update
August 6, 2019 6:39 AM EDTTenneco (NYSE: TEN) reported Q2 EPS of $1.20, $0.27 better than the analyst estimate of $0.93. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.48 billion.
Revenue growth significantly outpaces light vehicle industry productionTenneco reports Q2 earnings per diluted share of $0.32; adjusted EPS of $1.20Company confirms spinoff expected mid-2020"Tenneco's revenue growth outpaced industry production by nine percentage points, driven by higher light vehicle, commercial truck and off-highway revenues," said... More
