American Axle & Manufacturing Says UAW Strike Impacted Sales By $15M, Adjusted EPS By $0.03 In Q3
Portfolio Pulse from Benzinga Newsdesk
American Axle & Manufacturing (AXL) reported that the UAW strike has impacted its sales by $15M and adjusted EPS by $0.03 in Q3.
November 03, 2023 | 12:09 pm
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NEGATIVE IMPACT
The UAW strike has negatively impacted American Axle & Manufacturing's Q3 sales and adjusted EPS.
The UAW strike has directly impacted American Axle & Manufacturing's Q3 results, leading to a decrease in sales and adjusted EPS. This negative news is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100