AP NEWS

Dana: 3Q Earnings Snapshot

October 30, 2019 GMT

MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Wednesday reported third-quarter earnings of $111 million.

On a per-share basis, the Maumee, Ohio-based company said it had profit of 77 cents. Earnings, adjusted for one-time gains and costs, were 74 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The automotive equipment supplier posted revenue of $2.16 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.17 billion.

Dana expects full-year earnings in the range of $2.85 to $3.25 per share, with revenue in the range of $8.55 billion to $8.85 billion.

Dana shares have risen 23% since the beginning of the year. The stock has risen 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAN at https://www.zacks.com/ap/DAN