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Earnings roundup: American Axle, Infineon



By AP
25 July 2008 @ 05:58 pm EST

Among the earnings stories for Friday, July 25, from AP Financial News:

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AXL 2.35 -0.21
IFX 1.2 0.01
NFLX 23.17 -0.64
ACI 11.93 -1.94

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NEW YORK (AP)--American Axle & Manufacturing Holdings Inc. said Friday it posted a $644.3 million second-quarter loss, blaming a nearly three-month long strike that crippled production as well as charges related to a new labor agreement.

FRANKFURT, Germany (AP)--Chip maker Infineon Technologies AG said Friday it lost more than half a billion euros in the third quarter amid a rising euro and a slowing economy, and a hefty writedown for its stake in its struggling memory chip unit, Qimonda AG.

SAN FRANCISCO (AP)--Netflix Inc.'s second-quarter profit crept up 4 percent, beating analyst expectations as the online DVD rental leader signed up 168,000 new customers while spending less money to attract them to the service.

ST. LOUIS (AP)--Arch Coal Inc. said Friday its second-quarter profit tripled on soaring global prices and the company boosted its outlook after beating Wall Street expectations easily.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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