Recap: American Axle & Mfg Hldgs Q1 Earnings

American Axle & Mfg Hldgs (NYSE: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.

To add Benzinga News as your preferred source on Google, click here.