Why Tenneco's Shares Popped 32.7% Today

Shares of vehicle supplier Tenneco (NYSE: TEN) jumped as much as 32.7% in trading Tuesday after reporting second-quarter 2019 results. Shares gave back some of those gains as the day went on but were still up 15.3% at 3:05 p.m. EDT.

Quarterly revenue jumped 78% to $4.5 billion, and net income was $26 million, or $0.32 per share, down from $47 million a year ago. Adjusted net income was up $1 million to $97 million, or $1.20 per share, down from $1.84 per share a year ago.

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