UPDATE 2-Tenneco Q2 loss smaller than expected, shares up

Newswire

* Q2 loss ex-items 22 cents/shr vs consensus 47 cents loss * Q2 revenue down 33 percent * Shares up 17 percent (Adds analyst expectations, share prices, CEO comments) DETROIT, July 30 (Reuters) - Auto parts maker Tenneco Inc posted a smaller-than-expected quarterly loss on Thursday, as cost cuts offset the impact of sharply reduced vehicle production, sending its shares up 17 percent. Tenneco said while it does not anticipate a significant recovery in auto sales for the rest of 2009, ...

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