Tenneco quarterly net rises

Newswire

CHICAGO, Jan 30 (Reuters) - Tenneco Inc. , which makes shock absorbers and mufflers for cars and light trucks, said on Tuesday that quarterly net earnings rose, supported by benefits from tax credits and pension changes. Net income rose to $14 million, or 30 cents per share, in the fourth quarter, from $8 million, or 18 cents per share, a year earlier. Revenue rose to $1.21 billion from $1.06 billion. Excluding the pension and tax benefits, restructuring costs and other special items, ...

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