American Axle Remains Neutral
We maintain our neutral recommendation on American Axle and Manufacturing Holdings Inc. (NYSE:AXL). The company’s first-quarter 2012 earnings of 61 cents per share missed the Zacks Consensus Estimate by 3 cents. Profit increased 22% year- over-year to $45.9 million. Revenues swelled 16% year-over-year to $751.5 million due to a boost in production volume across the [...]
We maintain our neutral recommendation on American Axle and Manufacturing Holdings Inc. (NYSE:AXL). The company’s first-quarter 2012 earnings of 61 cents per share missed the Zacks Consensus Estimate by 3 cents. Profit increased 22% year- over-year to $45.9 million.
Revenues swelled 16% year-over-year to $751.5 million due to a boost in production volume across the major product programs along with improvement in capacity utilization. However, revenues fell short of the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards