=American Axle (AXL) reported earnings on Thur 3 Nov 2016 (b/o)

American Axle beats by $0.02, reports revs in-line; guides FY16 revs in-line :

• Reports Q3 (Sep) earnings of $0.78 per share, $0.02 better than the Capital IQ Consensus of $0.76; revenues rose 3.6% year/year to $1.01 bln vs the $1.01 bln Capital IQ Consensus.
• Co issues in-line guidance for FY16, sees FY16 revs of $3.95 bln vs. $3.98 bln Capital IQ Consensus Estimate.
• Co is targeting FY16 free cash flow of approx. $160 mln
• See 06:46 comment for details of Metaldyne Performance acquisition.