American Axle & Manufacturing Holdings Inc (AXL) announced a profit for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $9.2 million, or $0.07 per share. This compares with $10.0 million, or $0.08 per share, last year.
Excluding items, American Axle & Manufacturing Holdings Inc reported adjusted earnings of $0.16 per share for the period.
Analysts on average had expected the company to earn $0.12 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.1% to $1.505 billion from $1.504 billion last year.
American Axle & Manufacturing Holdings Inc earnings at a glance (GAAP) :
-Earnings: $9.2 Mln. vs. $10.0 Mln. last year.-EPS: $0.07 vs. $0.08 last year.-Revenue: $1.505 Bln vs. $1.504 Bln last year.
-Guidance:Full year revenue guidance: $5.8 - $5.9 Bln
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.