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American Axle & Manufacturing Holdings Inc Q2 adjusted earnings Miss Estimates

American Axle & Manufacturing Holdings Inc (AXL) announced a profit for second quarter that decreased from last year.

The company's earnings totaled $52.5 million, or $0.45 per share. This compares with $151.1 million, or $1.30 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.5% to $1.70 billion from $1.90 billion last year.

American Axle & Manufacturing Holdings Inc earnings at a glance:

-EPS (Q2): $0.55 vs. $1.23 last year.
-Analysts Estimate: $0.58
-Revenue (Q2): $1.70 Bln vs. $1.90 Bln last year.

-Guidance:
Full year revenue guidance: $6.9 - $7.0 Bln

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