10:59 AM EDT, 08/09/2024 (MT Newswires) -- American Axle & Manufacturing Holdings ( AXL ) shares were up nearly 8% in recent Friday trading after the company posted better-than-expected Q2 results.

The company reported Q2 adjusted earnings Friday of $0.19 per share, up from $0.12 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Net sales for the quarter ended June 30 were $1.63 billion, up from $1.57 billion a year earlier.

Analysts polled by Capital IQ expected $1.59 billion.

The company said it now expects full-year sales of $6.10 billion to $6.30 billion from the previous guidance range of $6.05 billion to $6.35 billion. Analysts polled by Capital IQ expect $6.23 billion.

Price: 6.70, Change: +0.49, Percent Change: +7.89