Recap: American Axle & Mfg Hldgs Q1 Earnings

American Axle & Mfg Hldgs AXL reported its Q1 earnings results on Friday, May 5, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

American Axle & Mfg Hldgs beat estimated earnings by 83.33%, reporting an EPS of $-0.01 versus an estimate of $-0.06.

Revenue was up $58.00 million from the same period last year.

Last quarter the company missed on EPS by $0.08 which was followed by a 7.96% drop in the share price the next day.

Here's a look at American Axle & Mfg Hldgs's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.01	0.24	0.10	0.02
EPS Actual	-0.07	0.27	0.22	0.19
Revenue Estimate	1.39B	1.47B	1.37B	1.35B
Revenue Actual	1.39B	1.53B	1.44B	1.44B

To track all earnings releases for American Axle & Mfg Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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