Tenneco: Q1 Earnings Snapshot
LAKE FOREST, Ill. (AP) _ Tenneco Inc. (TEN) on Thursday reported a loss of $38 million in its first quarter.
The Lake Forest, Illinois-based company said it had a loss of 46 cents per share. Losses, adjusted for one-time gains and costs, came to 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The auto parts maker posted revenue of $4.65 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $4.48 billion.