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 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.