UPDATE 2-Federal-Mogul profit beats expectations, shares up

Newswire

* EPS 49 cents vs Street view 32 cents * Revenue rises 23 percent to $1.6 bln * Stock up 4 percent (Adds CEO interview, stock performance, acquisition strategy, byline) By Bernie Woodall DETROIT, July 29 (Reuters) - Auto parts maker Federal-Mogul Corp reported a better-than-expected quarterly profit on Thursday, boosting its shares by 4 percent. Federal-Mogul sales grew at a higher rate than auto sales in each major global region, and the company largely held expenses flat, Chief ...

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