American Axle & Mfg Hldgs Q1 Adj $0.18 Beats $0.02 Estimate, Sales $1.61B Beat $1.53B Estimate

American Axle & Mfg Hldgs (NYSE: AXL) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.02 by 800 percent. This is a 1900 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $1.61 billion which beat the analyst consensus estimate of $1.53 billion by 5.16 percent. This is a 7.70 percent increase over sales of $1.49 billion the same period last year.