American Axle & Manufacturing Q3 Adj EPS $(0.11) Misses $(0.01) Estimate, Sales $1.55B Beat $1.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Axle & Mfg Hldgs (NYSE:AXL) reported Q3 adjusted losses of $(0.11) per share, missing the analyst consensus estimate of $(0.01) by 1000 percent. This is a 140.74 percent decrease over earnings of $0.27 per share from the same period last year. However, the company reported quarterly sales of $1.55 billion, beating the analyst consensus estimate of $1.49 billion by 4.23 percent.
November 03, 2023 | 12:02 pm
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American Axle & Mfg Hldgs reported a significant miss on Q3 earnings but beat sales estimates. This mixed result could lead to uncertainty in the market.
The company reported a significant miss on earnings, which is a negative signal. However, it beat sales estimates, which is a positive signal. These mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100