CORRECTED - American Axle posts higher quarterly earnings

Newswire

In paragraph 3, corrects one-time items to exclude favorable tax adjustment from last year. CHICAGO, April 27 (Reuters) - American Axle & Manufacturing Holdings Inc. on Friday posted a 79 percent increase in quarterly profit. Net income rose to $15.4 million, or 30 cents per share, in the first quarter, from $8.6 million, or 17 cents per share, a year earlier. The latest quarter included charges totaling 4 cents a share. Analysts on average had expected Detroit-based American ...

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