Recap: American Axle & Mfg Hldgs Q1 Earnings

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American Axle & Mfg Hldgs AXL reported its Q1 earnings results on Friday, May 5, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

American Axle & Mfg Hldgs beat estimated earnings by 83.33%, reporting an EPS of $-0.01 versus an estimate of $-0.06.

Revenue was up $58.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 7.96% drop in the share price the next day.

Here's a look at American Axle & Mfg Hldgs's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.01 0.24 0.10 0.02
EPS Actual -0.07 0.27 0.22 0.19
Revenue Estimate 1.39B 1.47B 1.37B 1.35B
Revenue Actual 1.39B 1.53B 1.44B 1.44B

To track all earnings releases for American Axle & Mfg Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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