The auto parts supplier reported first quarter net income of $40 million, or 27 cents a share, versus a loss of $34 million, or 34 cents, a year ago. Sales increased 7.2% to $1.78 billion.
However, three analysts surveyed by Bloomberg estimated a per share profit of 33 cents on sales of $1.81 billion.
The company is majority controlled by Carl Icahn.
TheStreet Ratings team rates FEDERAL-MOGUL HOLDINGS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FEDERAL-MOGUL HOLDINGS CORP (FDML) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: