UPDATE 2-Tenneco earnings miss forecasts, shares drop


(Recasts, adds analyst's remarks) CHICAGO, Jan 30 (Reuters) - Tenneco Inc. , which makes shock absorbers and mufflers for cars and light trucks, on Tuesday reported adjusted quarterly earnings that fell short of analysts' average forecasts and shares fell 10 percent. Tenneco, which does significant replacement parts business in addition to sales to manufacturers, said it expects 2007 to be challenging as well, given expectations for lower automaker production in North America in the ...

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