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UPDATE: Tenneco Posts Drop In Q2 Profit

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Tenneco (NYSE: TEN) reported a drop in its second-quarter profit.

Tenneco's quarterly profit fell to $63 million, or $1.02 per share, from $87 million, or $1.42 per share, in the year-ago period. Its adjusted net income declined to $68 million, or $1.10 per share, from $70 million, or $1.14 per share.

Its revenue rose 8% to $2.07 billion from $1.92 billion. However, analysts were estimating earnings of $1.10 per share on revenue of $2.07 billion.

Tenneco shares closed at $48.74 on Friday.

Posted-In: profitEarnings News

 

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