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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 EPS of $0.29 on revenue of $1.49B.
American Axle&Manufacturing 's are up 14% and is trading at $8.95 , still down 9.70% from its 52 week high of $11.96 set on Tuesday, August 16, 2022.
American Axle&Manufacturing shares lost 17.13% to trade at $8.95 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 Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar