UPDATE 1-American Axle profit tops Street view; stock up

Newswire

(Adds quote, revenue, stock action, changes dateline from DETROIT) BOSTON, Oct 30 (Reuters) - American Axle & Manufacturing Holdings Inc on Tuesday posted a third-quarter profit that easily topped Wall Street expectations, citing higher sales and improved productivity, sending its shares up 5 percent. The auto parts maker reported net income of $13.1 million, or 25 cents per share, compared with a net loss of $62.9 million, or $1.25 per share, a year earlier, when it took charges for ...

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