Focus Stocks
American Axle Ahead of Earnings
Published on Thursday, 02 February 2012 12:48 Written by Christian Paolinetti
New York, February 2nd (TradersHuddle.com) - Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) are trading higher by +0.41% ahead of its
quarterly earnings release. American Axle, the maker of driveline systems is expected to release its quarterly results on February 3rd.
Wall Street Analysts consensus calls for a profit of $0.38 a share on $610.88 million revenue.
American Axle estimates have a range of $0.1 a share. The high estimate calls for profit of $0.42 a share and the low estimate is calling for a profit of $0.32 a share, a year ago for the quarter the company reported $0.47 a share.
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) designs, engineers, and manufactures driveline systems for light trucks and sport-utility vehicles. The Company produces axles, propeller shafts, chassis components, and forged products.
Other companies on the watch on this earnings event are Magna International Inc. NYSE:MGA and TRW Automotive Holdings Corp. NYSE:TRW.
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