American Axle & Manufacturing Holdings Inc.'s (AXL) third-quarter net income attributable to AAM was $19.6 million or $0.35 per share versus a loss of $440.9 million or $8.54 per share in the prior year. On average, 7 analysts polled by Thomson Reuters expected loss per share of $0.38 for the quarter. Analysts' estimate typically excludes one-time items.
Net income for the quarter was $19.6 million compared with a $441.1 million loss a year earlier.
Net sales for the third quarter of 2009 slipped to $409.6 million from $528.1 million in the year-ago period. Seven analysts estimated revenues of $420.34 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.