USA: American Axle & Manufacturing Q1 earnings down 63% YoY; lowers ’05 earnings outlook
American Axle & Manufacturing has reported first quarter earnings of $13.3 million or $0.26 per share. This compares to earnings of $36.5 million or $0.66 per share in the first quarter of 2004. However, the result was in line with the average analyst estimate compiled by Thomson First Call.
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