American Axle sees 2004 profit up on lower sales

Newswire

CHICAGO, Oct 30 (Reuters) - Auto parts maker American Axle & Manufacturing Holdings Inc. said on Thursday it expects to report higher earnings, excluding debt refinancing costs, on lower sales in 2004. The Detroit-based company said it expects 2004 earnings of about $4 a share, excluding one-time debt refinancing costs of about 26 cents a share. The projection would represent growth of 10 percent over the company's 2003 profit forecast of $3.65 a share. Analysts on average had ...

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