AAM Reports Third Quarter 2019 Financial Results

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Go back to AAM Reports Third Quarter 2019 Financial Results

American Axle (AXL) Tops Q3 EPS by 17c, Revenues Miss; Updates FY19 Revenue Guidance Below Consensus, Cites 'GM Work Stoppage'

November 1, 2019 8:02 AM EDT

American Axle (NYSE: AXL) reported Q3 EPS of $0.58, $0.17 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.69 billion.

Sales of $1.68 billionNet loss attributable to AAM of $124.2 million, or (7.4)% of sales, which includes the... More