Tenneco posts lower quarterly profit


CHICAGO, July 27 (Reuters) - Auto parts supplier Tenneco Inc. , which makes shock absorbers and mufflers, on Thursday said quarterly earnings fell. Net income in the second quarter declined to $24 million, or 53 cents per share, compared with $33 million, or 71 cents per share, a year earlier. Excluding one-time items, Tenneco earned 73 cents per share. Lake Forest, Illinois-based Tenneco's Chairman, Chief Executive and President Mark Frissora resigned on July 19 to become CEO at ...

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