Tenneco 3Q profit up 67%, 'tough' conditions ahead...
Submitted by admin on Tue, 2005-10-25 15:40. ::
(AP) — Car parts maker Tenneco Automotive Inc. said Tuesday that its third-quarter profit climbed 67 percent on higher sales and cost-cutting.
The company earned $10 million, or 23 cents per share, up from $6 million, or 14 cents per share, a year ago. Excluding a number of items, the company said its profit would have risen to $12 million, or 27 cents per share.
Analysts were looking for adjusted profit of 26 cents per share.
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