Friday, American Axle & Manufacturing Holdings Inc. or AAM (AXL) said its fourth-quarter net income was $48.6 million or $0.80 per share compared with a net loss of $112.1 million or $2.17 per share in the prior year period.
On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share for the quarter.
Fourth-quarter sales were $464.0 million, down from $503.0 million in the comparable period. Four analysts estimated revenues of $459.53 million for the quarter.
AAM expects full year 2010 sales to range from $1.9 billion to $2.1 billion. Six analysts estimate revenues of $2.18 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.