Federal-Mogul Corp. (FDML) announced net loss of $34 million, or $0.34 per share in the first quarter, versus a profit of $32 million, or $0.32 per share last year. For the recent quarter, operational EBITDA dropped to $141 million, from $165 million a year ago.
First-quarter 2013 sales of $1.7 billion, were 2% lower than last year's $1.74 billion, due to lower European light vehicle and reduced global commercial vehicle production, with negligible exchange impact.
On average, 2 analysts polled by Thomson Reuters expected loss per share of $0.30, on $1.74 billion revenue for the quarter. Analysts' estimates typically exclude one-time items.
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