American Axle & Mfg Hldgs Q2 Adj EPS $0.12 Beats $0.08 Estimate, Sales $1.57B Beat $1.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Axle & Mfg Hldgs (NYSE:AXL) reported Q2 adjusted earnings of $0.12 per share, beating the analyst consensus estimate of $0.08 by 50%. However, this is a 45.45% decrease from the same period last year. The company also reported quarterly sales of $1.57 billion, beating the estimate of $1.56 billion by 0.38%, a 9.25% increase from last year.
August 04, 2023 | 3:15 pm
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NEUTRAL IMPACT
American Axle & Mfg Hldgs reported better than expected Q2 earnings and sales, but earnings are down YoY. This mixed result could lead to uncertain short term price movement.
While the company beat Q2 estimates, the decrease in earnings YoY could cause investor concern, leading to uncertain short term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100