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Tenneco: 4Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ Tenneco Inc. (TEN) on Thursday reported a fourth-quarter loss of $109 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Lake Forest, Illinois-based company said it had a loss of $1.35. Earnings, adjusted for one-time gains and costs, were $1.30 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The auto parts maker posted revenue of $4.28 billion in the period, which met Street forecasts.

For the year, the company reported profit of $55 million, or 93 cents per share. Revenue was reported as $11.76 billion.

Tenneco expects full-year revenue in the range of $18.2 billion to $18.4 billion.

Tenneco shares have increased 21 percent since the beginning of the year. The stock has dropped 40 percent 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