Tenneco posts higher quarterly profit

Newswire

DETROIT, April 24 (Reuters) - Auto parts maker Tenneco Inc posted higher quarterly earnings on Thursday as growth in Asia and significant profit improvement in Europe offset the weak North American market. Net income in the first quarter rose to $6 million, or 13 cents a share, compared with $5 million, or 11 cents a share, in the year earlier quarter. Excluding one-time items, Tenneco earned 20 cents a share, a penny above what analysts polled by Reuters Estimates had expected. ...

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