UPDATE 2-Tenneco profit exceeds forecasts, shares rise


(Recasts, adds analyst's remarks, stock activity) CHICAGO, July 27 (Reuters) - Auto parts maker Tenneco Inc. , on Thursday posted quarterly results excluding restructuring charges and start-up costs that exceeded Wall Street forecasts and shares rose 5.8 percent. Tenneco, which makes shock absorbers and mufflers, said lower automaker production rates in North America and Australia the rest of 2006 would pressure revenue and earnings results, though operations in Europe and China could ...

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