American Axle (AXL) Q4 Loss Narrower Than Expected, Sales Beat

American Axle & Manufacturing Holdings (AXL) reported a loss of 9 cents per share in fourth-quarter 2023, narrower than the Zacks Consensus Estimate of a loss of 16 cents. The company had incurred a loss of 7 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.46 billion, outpacing the Zacks Consensus Estimate of $1.45 billion. Revenues increased 5% on a year-over-year basis.Segmental PerformanceIn the reported quarter, the Driveline segment recorded sales of $1.02 billion ...