UPDATE 3-American Axle quarterly earnings fall, shares drop

Newswire

(Adds details from CFO, analyst's remarks, byline, updates stock) By David Bailey CHICAGO, April 28 (Reuters) - Auto parts maker American Axle & Manufacturing Holdings Inc. on Friday said first-quarter earnings dropped 35 percent, missing Wall Street forecasts and sending shares down 8 percent. American Axle said expenses for pension, retirement and supplemental unemployment hurt results. However, initial market reaction to new full-size sport-utility vehicles from major customer ...

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