How did AXL's Q1 2024 earnings surprise impact its stock?

American Axle & Manufacturing Holdings (AXL) experienced a significant earnings surprise in Q1 2024, with an EPS surprise of 800%. However, this positive surprise did not immediately translate to a favorable stock performance. The stock's percentage change for the period ending on the earnings release date, March 31, 2024, was -0.27%, indicating a slight decline in the immediate aftermath of the earnings announcement. This suggests that the market may have had concerns or reacted negatively to other aspects of the earnings report, despite the substantial earnings surprise.

|code|Ticker|Name|Date|Post-Market Percentage Change|Revenue Surprise|market_code|
|---|---|---|---|---|---|---|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20230630||6000000|169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20230930||6.4E7|169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20231231||4.3E7|169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240223|-1.2694||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240226|0.7452||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240227|1.791||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240228|0||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240229|-3.0347||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240301|0||169|
|AXL|AXL.N|American Axle & Manufacturing Holdings|20240304|0.074||169|