Federal-Mogul Holdings Corp (FDML) Releases Earnings Results, Beats Expectations By $0.04 EPS

Federal-Mogul Holdings Corp (FDML) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.27. The company posted revenue of $1897.00 million in the period, compared to analysts expectations of $1890.55 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Federal-Mogul Holdings Corp opened for trading at $9.18 and hit $9.43 on the upside on Friday, eventually ending the session at $9.25, with a gain of 0.22% or 0.02 points. The heightened volatility saw the trading volume jump to 1,12,350 shares. Company has a market cap of $1,564 M.

Federal-Mogul Holdings Corporation (Federal-Mogul) formerly Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy emissions reduction and safety systems. The Company operates in two segments: Powertrain segment and Motorparts segment. The Powertrain segment focuses on original equipment products for automotive heavy duty and industrial applications. The Motorparts segment sells and distributes a portfolio of products in the global aftermarket while also serving original equipment manufacturers with products including braking chassis wipers and other vehicle components. The Company serves the original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive light medium and heavy-duty commercial vehicles off-road agricultural marine rail aerospace power generation and industrial equipment.

Federal-Mogul Holdings Corp

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