Tenneco Misses But Profits Up 68%
Tenneco Inc. (NYSE:TEN) posted a 68% increase in profits to $32 million or 53 cents per share in the fourth quarter of 2011 from $19 million or 31 cents per share in the same quarter of 2010. However, the company’s profit failed to meet the Zacks Consensus Estimate by 5 cents per share. Total revenue [...]
Tenneco Inc. (NYSE:TEN) posted a 68% increase in profits to $32 million or 53 cents per share in the fourth quarter of 2011 from $19 million or 31 cents per share in the same quarter of 2010. However, the company’s profit failed to meet the Zacks Consensus Estimate by 5 cents per share.
Total revenue in the quarter went up 13% to $1.8 billion and 13% to $1.4 billion excluding substrate sales and currency impact. Higher original equipment (OE) light vehicle production volumes, incremental revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards