Equity Research on Lear Corp. and American Axle & Manufacturing Holdings Inc. - Auto Parts Beat Expectations but Decline Versus Last Year
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/10/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Auto Parts industry and are offering free analytical research on (NYSE: LEA) and (NYSE: AXL). Register with us now to have free access to these research reports. Simply click on the link below.
Companies in the auto parts industry seem to have faced considerable headwinds in the most recent quarter as weak production in Europe weighed on results. Nevertheless, many industry players were successful in beating Wall Street's expectations despite dropping below last year's results. U.S. auto sales seem to be a bright spot for the industry as in 2012 they are now expected to reach 14.2 million, their highest level since 2007. Get your free reports on and at . There is no commitment to join.
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Producer of automotive seats and other components Lear Corporation announced a 19 percent year-over-year dip in its second quarter net income to $145 million. During the quarter, the company's sales rose 15 percent in North America and 10 percent in Asia, but declined 16 percent in Europe. report is accessible for free by registering today at
Elsewhere in the industry, American Axle and Manufacturing Inc. posted a second quarter profit of $41.2 million, down 16 percent as compared to the same period a year ago. However, the company succeeded in growing sales by 8 percent in the quarter and has also made progress in diversifying its customer base, with non-GM sales increasing 8.5%. report is accessible for free by registering today at
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