Tenneco posts higher quarterly earnings


CHICAGO, July 26 (Reuters) - Auto parts maker Tenneco Inc. on Thursday posted higher quarterly earnings. Net income rose to $40 million, or 84 cents per share, in the second quarter, from $24 million, or 51 cents per share, a year earlier. Excluding one-time items, Tenneco earned 87 cents per share. Analysts on average expected Lake Forest, Illinois-based Tenneco to report earnings of 77 cents excluding one-time items, according to Reuters Estimates. (Reporting by Ben Klayman)

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