Federal-Mogul reported net income of $56 million for the second quarter, its first quarterly profit since the start of 2012, largely due to downsizing over the past 18 months. The news sent the company’s stock soaring more than 29 percent today.
Federal-Mogul reported net income of $56 million for the second quarter, its first quarterly profit since the start of 2012, largely due to downsizing over the past 18 months. The news sent the company’s stock soaring more than 29 percent today.