Earnings roundup: Tenneco, Armstrong World

Earnings roundup: Tenneco's 1Q net income rises; Armstrong World cuts full-year outlook

Associated Press

Among the earnings stories for Monday, April 29, from AP Business News:

— Auto parts maker Tenneco Inc. said that its first-quarter net income jumped 80 percent, helped by easy comparisons to last year's quarter, which was weighed down by hefty expenses related to financing.

— Floor and ceiling manufacturer Armstrong World Industries Inc. said that its first-quarter net income was nearly wiped out by losses in two of its three business units, and by the expense of refinancing some debt. The company cut its full-year earnings guidance.

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