Federal-Mogul Q1 Profit Down - Quick Facts

Federal-Mogul Posts Loss In Q4 Amid Weak Europe - Update

Federal-Mogul Posts Q4 Loss; Announces Multi-site Restructuring Program

Trade FDML now with

4/24/2012 7:52 AM ET

Federal-Mogul Corp. (FDML: Quote) reported a drop in first-quarter 2012 net income attributable to the company to $32 million or $0.32 per share from $51 million or $0.51 per share a year ago.

However, total sales were $1.8 billion, up 2% versus last year, reflecting 5% growth in constant dollars, partially offset 3% by weakness of international currencies, primarily the euro, against the U.S. dollar. Original equipment sales climbed 8% to $1.2 billion, the highest ever first quarter level.

The company said the quarterly results reflected strong global OE customer sales and stable aftermarket volumes.

Click here to receive FREE breaking news email alerts for Federal-Mogul Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 40 Articles

Editors Pick

Upbeat Economic Data Contributes To Rally On Wall Street - U.S. Commentary

Stocks moved sharply higher over the course of the trading day on Friday, more than offsetting the weakness seen on Thursday. In a reversal from the previous session, the markets benefited from some upbeat U.S. economic data as well as comments from a Federal Reserve official. The major averages saw further upside going into the close, with the Dow and the S&P 500 reaching new record highs.

PETA: IRS Targeting Neither New Nor Limited To Conservative Causes

As the IRS targeting scandal continues to make headlines, animal-protection charity People for the Ethical Treatment of Animals, or PETA, claims that conservative groups are not the only ones that have faced increased scrutiny from the agency.

Polls Shows Below Average Interest In IRS, Benghazi Stories

While the IRS targeting scandal has taken center stage on Capitol Hill on Friday, the results of a new Gallup poll showed that the American public's interest in the story is comparatively low based on historical measures. The poll showed that 54 percent of Americans are following the news that the IRS targeted conservative groups for greater scrutiny "very" or "somewhat" closely.