Wells Fargo Downgrades Tenneco (TEN) to Market Perform
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Tenneco Reports First Quarter 2016 Results
April 26, 2016 7:30 AM EDTRecord-high 1Q revenue, outpacing industry production Record-high EBIT, net income and EPS Operating cash performance improves 42% year-over-year Raising full-year revenue outlook
LAKE FOREST, Ill.--(BUSINESS WIRE)-- Tenneco (NYSE: TEN) reported first quarter net income of $57 million, or 99-cents per diluted share, compared with $49 million, or 80-cents per diluted share in first quarter 2015. Adjusted net income rose 24% to a first quarter record high of $67 million, or $1.17 per diluted share, versus $54 million or 88-cents per... More
