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American Axle posts loss on debt refinancing costs
October 26, 2012 / 12:15 PM / 5 years ago

American Axle posts loss on debt refinancing costs

Oct 26 (Reuters) - U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported a quarterly loss, hurt by debt refinancing and redemption costs of $10.1 million.

The company reported a net loss of $8.2 million, or 11 cents per share, in the third quarter, compared with a profit of $22.6 million, or 33 cents per share, a year earlier.

Revenue rose 8.5 percent to $702.9 million.

Shares of the company were down marginally at $11.53 before the bell after closing at $11.59 on Thursday.

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