USA: American Axle quarterly net earnings fall 32% in Q1
American Axle & Manufacturing (AAM), a maker of axles, driveshafts and chassis, said on Friday that its quarterly earnings fell in Q1, hurt by a one-time charge for refinancing debt. First-quarter net income declined to $36.5 million, or 66 cents a share, from $54.0 million, or $1.02 a share, a year ago.
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