Tenneco Automotive posts first-quarter profit

Newswire

CHICAGO, April 22 (Reuters) - Auto parts supplier Tenneco Automotive Inc. on Tuesday reported a quarterly profit, reversing a year-ago loss, as it improved operating efficiencies. Lake Forest, Illinois-based Tenneco, one of the world's largest makers of shock absorbers and exhaust systems, reported net income of $1 million, or 2 cents a share, for the first quarter, compared with a loss of $220 million, or $5.54 a share, a year earlier. Before the cumulative effect of a change in ...

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