American Axle Surges Premarket After Narrowing Losses, Beating EPS Estimates, Forecasts Strong 2025

American Axle & Manufacturing Holdings Inc (NYSE:AXL) shares are surging premarket on Friday. The company reported fourth-quarter FY24 sales of $1.38 billion, which is in line with the analyst consensus estimate.  

Adjusted EPS loss of $(0.06) beat the analyst consensus of $(0.11).

Sales declined year over year (Y/Y) and were negatively impacted by volume and mix. Gross profit declined slightly to $154.3 million from $154.9 million a year ago.

Selling, general and administrative expenses fell to $89.0 million from $95.7 million a year ...

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