American Axle 1st-qtr profit rises

Newswire

April 27 (Reuters) - Auto parts maker American Axle and Manufacturing Holdings Inc posted a rise in quarterly profit. First-quarter net income rose to $51.2 million, or 68 cents per share, from $37.7 million, or 50 cents per share, a year ago. Revenue rose 16 percent to $751.5 million. Shares of the Detroit-based company closed at $10.77 on Wednesday on the New York Stock Exchange. (Reporting by Megha Mandavia in Bangalore)

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