Mon, Apr. 27, 8:22 AM
- Tenneco (NYSE:TEN) reports revenue rose 4% if the impact of currency swings is backed out.
- Clean Air division revenue fell 2.70% to $1.405B (+5% after excluding the currency impact).
- Ride Performance division decreased 4.92% to $618M (+5% after excluding the currency impact).
- Adjusted EBIT increased 30 bps to 6.2%.
- Q2 Guidance: Revenue: ~+5% (excluding currency impact).
- FY2015 Guidance: Revenue: +5% to +8% (excluding currency impact).
Mon, Feb. 2, 12:19 PM
- A number of auto parts stocks are in rally mode today.
- A positive forecast on global demand from IHS could be boosting sentiment.
- The research firm projects global sales will improve 2.4% to 88.6M units - a mark that is dragged down by the collapse of the Russian auto industry.
- Some analysts think the sector is setting up to see a delayed demand reaction this year as drivers add more miles than anticipated to their cars with gas prices lower.
- Easy sales comparisons are also looming in the second half for many companies/
- Advancers: Tenneco (TEN +4.7%), Federal-Mogul Holdings (FDML +2.8%), Modina Manufacturing (MOD +3.4%), Superior Industries (SUP +3.3%), BorgWarner (BWA +1.7%), Cooper-Standard Holdings (CPS +1.1%), Delphi Automotive (DLPH +1.9%), Dana Holding (DAN +1.7%), Autolive (ALV +1.6%), Lear (LEA +1.5%).
Dec. 3, 2014, 10:06 AM
- There's a broad rally in auto parts stocks the day after major U.S. automakers reported largely favorable reports on November sales.
- News from China on aggressive plans by automakers to add capacity is also supporting the sector.
- Gainers: Stonebridge (NYSE:SRI) +2.7%, Tenneco (NYSE:TEN) +2.1%, Dana Holding (NYSE:DAN) +2.1%, Gentherm (NASDAQ:THRM) +1.8%, American Axle & Manufacturing (NYSE:AXL) +1.8%, Federal-Mogul Holdings (NASDAQ:FDML) +1.7%, Autoliv (NYSE:ALV) +1.5%, Johnson Controls (NYSE:JCI) +1.5%.
Nov. 5, 2014, 9:59 AM
- Auto supplier stocks outpace broad market averages in early action after Toyota issues a strong outlook for the fiscal year and Fiat Chrysler Automobiles keeps an aggressive stance on global production goals.
- Also factoring in are the reports this week on U.S. auto sales which showed strong demand for SUVs and trucks.
- Gainers: WABCO (NYSE:WBC) +3.0%, Meritor (NYSE:MTOR) +2.5%, Dana Holding (NYSE:DAN) +2.4%, Tenneco (NYSE:TEN) +2.1%, Monro Muffler Brake (NASDAQ:MNRO) +1.5%, Cooper-Standard Holdings (NYSE:CPS) +1.3%.
Aug. 30, 2013, 5:34 PM
Oct. 25, 2012, 12:45 PM
Oct. 25, 2012, 10:42 AMTenneco (TEN +13.8%) shares soar as Q3 results for the producer of emission control and ride control products benefits from a significant tax adjustment. For the current quarter, TEN sees North America aftermarket revenue in line with a strong Q4 a year ago, but expects sustained economic weakness in Europe hurting results in Europe, South America and India. | Comment!
Jul. 6, 2012, 12:01 PM
Apr. 30, 2012, 10:56 AM
Apr. 30, 2012, 8:08 AM
Apr. 3, 2012, 10:26 AM
Feb. 6, 2012, 9:19 AM
Oct. 28, 2011, 12:51 PMTenneco (TEN -9.4%) takes a hit after its Q3 revenue misses estimates, masking what appears on the surface to be a solid quarter. Earnings tripled as the auto-parts supplier continued to see strong demand worldwide. Revenue increased 10% in North America, 25% in Asia, and 19% in Europe, South America and India. | Comment!
Oct. 6, 2011, 11:34 AM
TEN vs. ETF Alternatives
Tenneco Inc produces clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications.It serves original equipment vehicle manufacturers and repair and replacement markets or aftermarket.
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