Market Overview

Recap: American Axle Q3 Earnings

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Shares of American Axle & Mfg Hldgs (NYSE:AXL) moved higher by 6.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 98.28% over the past year to $1.15, which may not compare to the estimate of $0.25.

Revenue of $1,414,000,000 declined by 15.68% year over year, which missed the estimate of $1,430,000,000.

Outlook

The upcoming fiscal year's revenue expected to be between $4,600,000,000 and $4,600,000,000.

How To Listen To The Conference Call

Date: Oct 30, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/axl/mediaframe/40161/indexr.html

Recent Stock Performance

Company's 52-week high was at $11.26

52-week low: $2.50

Price action over last quarter: Up 2.33%

Company Overview

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Its product portfolio consist of vehicle architectures, driveline systems, drivetrain systems, powertrain components, chassis system components, and metal formed products. The Company generates majority of its revenue from the United States.

 

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Posted-In: Earnings News