Tenneco Inc (TEN) Releases Earnings Results, Beats Expectations By $0.15 EPS

Tenneco Inc (TEN) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $1.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $1.63. The company posted revenue of $2212.00 million in the period, compared to analysts expectations of $2253.70 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Tenneco Inc closed down -1.43 points or -2.62% at $53.23 with 8,78,977 shares getting traded on Thursday. Post opening the session at $53.5, the shares hit an intraday low of $52.08 and an intraday high of $53.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 2, 2016, Gregg M Sherrill (Chairman & CEO) sold 51,609 shares at $54.22 per share price. According to the SEC, on May 10, 2016, Kenneth R Trammell (Exec. Vice President and CFO) sold 21,080 shares at $51.55 per share price. On May 6, 2016, Timothy E Jackson (Executive Vice President) sold 13,811 shares at $52.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Company’s various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.

Tenneco Inc

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