American Axle & Mfg Hldgs Q2 Adj $0.19 Beats $0.11 Estimate, Sales $1.63B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Axle & Mfg Hldgs (NYSE:AXL) reported Q2 earnings of $0.19 per share, beating the analyst estimate of $0.11 by 72.73%. Sales were $1.63 billion, surpassing the $1.58 billion estimate. This represents a 58.33% increase in earnings and a 3.88% increase in sales compared to the same period last year.
August 09, 2024 | 12:03 pm
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American Axle & Mfg Hldgs (NYSE:AXL) reported Q2 earnings of $0.19 per share, beating the analyst estimate of $0.11 by 72.73%. Sales were $1.63 billion, surpassing the $1.58 billion estimate. This represents a 58.33% increase in earnings and a 3.88% increase in sales compared to the same period last year.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact AXL's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100