American Axle & Mfg Hldgs (NYSE: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.
