Seeking Alpha

American Axle (AXL +4.3%) rallies after dipping slightly in Tuesday's post-trading session, when...

American Axle (AXL +4.3%) rallies after dipping slightly in Tuesday's post-trading session, when it disclosed its FY13 outlook. The company anticipates FY13 sales to be $3.25B, slightly below the consensus estimate of $3.27B, adding that it expects the labor strike at GM's Rayong factory in Thailand to have an estimated adverse impact on Q1 sales of approximately $15M. However, it also said its rate of sales has increased to about 15M vehicle units in FY13 from 14.4M vehicle units in FY12, which is fueling the upside move today.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|