Dana: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 07:18 AM ET
Last Updated - Feb 20, 2024, 07:18 AM EST
MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — Dana Inc. (DAN) on Tuesday reported a loss of $39 million in its fourth quarter.
On a per-share basis, the Maumee, Ohio-based company said it had a loss of 27 cents. Losses, adjusted for non-recurring costs and amortization costs, came to 8 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The automotive equipment supplier posted revenue of $2.49 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
