SOUTHFIELD, Mich. (Jan. 23)—Federal-Mogul Corp. has lowered previous estimates of its fourth-quarter earnings. The seal maker said it expects to take a loss of $1 per share for the quarter ended Dec. 31. Federal-Mogul attributes its losses not only to declines in the North American original equipment market but also the automotive aftermarket when it ceased offering sales incentives. The automotive supplier´s stock closed down on the news at $4.81 from nearly $5.44 on Jan. 19. Federal-Mogul will release its fourth-quarter and year-end results Feb. 1.
Federal-Mogul issues second fourth-quarter earnings warning
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