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

|About: American Axle & Manufacturi... (AXL)|By:, SA News Editor

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.