American Axle (AXL) Q1 Earnings & Sales Surpass Estimates

American Axle & Manufacturing Holdings (AXL) reported first-quarter 2024 adjusted earnings of 18 cents per share, which surpassed the Zacks Consensus Estimate of 1 cent. The company had incurred a loss per share of a penny in the year-ago quarter.The company generated quarterly revenues of $1.61 billion, outpacing the Zacks Consensus Estimate of $1.51 billion. Revenues increased 8% on a year-over-year basis.Segmental PerformanceIn the reported quarter, the Driveline segment recorded sales of $1.11 billion, ...