Tenneco Q2 Profit Decreases - Quick Facts

(RTTNews) - Tenneco Inc. (TEN) reported second-quarter net income to company of $63 million, or $1.02 per share, compared to $87 million, or $1.42 per share last year. On an adjusted basis, net income was $68 million, or $1.10 per share for the quarter. The company said the decrease in net income and earnings per share was due to a higher year-over-year tax rate.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $1.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $2.07 billion, up 8% from prior year, driven by revenue increases in both the Clean Air and Ride Performance businesses. Analysts expected revenue of $1.96 billion for the quarter.