U.S. Markets closed

Tenneco: 1Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ Tenneco Inc. (TEN) on Thursday reported a first-quarter loss of $117 million, after reporting a profit in the same period a year earlier.

The Lake Forest, Illinois-based company said it had a loss of $1.44 per share. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The auto parts maker posted revenue of $4.48 billion in the period, which met Street forecasts.

For the current quarter ending in July, Tenneco said it expects revenue in the range of $4.45 billion to $4.55 billion.

The company expects full-year revenue in the range of $17.7 billion to $18.1 billion.

Tenneco shares have declined 26% since the beginning of the year. The stock has decreased 56% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEN at https://www.zacks.com/ap/TEN