Tenneco beats by $0.09, beats on revs; guides Q4 revs above consensus
- Reports Q3 (Sep) earnings of $1.67 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $1.58; revenues rose 8.5% year/year to $2.27 bln vs the $2.24 bln Capital IQ Consensus.
- Co issues upside guidancefor Q4, sees Q4 revenue growth of +7% YoY which we compute as approx $2.31 bln vs. $2.26 bln Capital IQ Consensus Estimate.
- "We delivered record third quarter revenue, driven by light vehicle top-line growth that continues to outpace industry production and double-digit increases in commercial truck and off-highway revenue."
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