Investing.com - American Axle&Manufacturing reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
American Axle&Manufacturing announced earnings per share of $0.27 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $1.49B.
American Axle&Manufacturing shares are up 14% from the beginning of the year and are trading at $8.95 , down-from-52-week-high.
American Axle&Manufacturing shares lost 17.13% in pre-market trade the report.
American Axle&Manufacturing follows other major Consumer Discretionary sector earnings this month
American Axle&Manufacturing's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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