American Axle & Manufacturing (NYSE:AXL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this maker of auto parts would post a loss of $0.01 per share when it actually produced earnings of $0.19, delivering a surprise of 2,000%.
