Tenneco (TEN) 2QFY2011 Revenue of Nearly $1.9B
- uploaded: Jul 31, 2011
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Record results in the second quarter 2011, for Tenneco Incorporated. Welcome to CRWENewswire, Stocks to watch for Friday July 29th, 2011. I am Yohemy Auerbach. Tenneco Inc. - symbol TEN - reported Highest-ever quarterly revenue of nearly $1.9 billion, up 26% year-over-year, Record-high net income of $50 million, up from $40 million a year ago and Record-high earnings before interest, taxes and noncontrolling interests of $113 million, a 22% increase compared to the same period the prior year. Tenneco is one of the worldâ€™s largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive and commercial vehicle original equipment markets and the aftermarket. According to IHS Automotive forecasts, industry light vehicle production in the third quarter is expected to increase year-over-year in the regions where Tenneco operates. Thank you for tuning in, Iâ€™m Yohemy Auerbach. see you soon, right here on CRWE Newswire Stocks to Watch.