American Axle & Manufacturing Q2 Profit Rises - Quick Facts

(RTTNews) - American Axle & Manufacturing Holdings, Inc. (AXL) reported that second-quarter net income grew to $58.6 million or $0.75 per share from $52.2 million or $0.67 per share in the prior-year quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased 6.0 percent to a record $1.0 billion from $946.9 million in the same quarter last year. Analysts expected revenue of $1.02 billion for the quarter. The sales growth was driven by 15.1 percent Non-GM sales increase.