Dana Q4 Results Miss Estimates; Guides FY24 EPS Well Below Estimates

RTTNews | 600 days ago
Stocktwits
Dana Q4 Results Miss Estimates; Guides FY24 EPS Well Below Estimates

(RTTNews) - Dana, Inc. (DAN) reported Tuesday a net loss attributable to the parent company for the fourth quarter of $39 million or $0.27 per share, sharply narrower than $179 million or $1.25 per share in the prior-year quarter.

Excluding items, adjusted net loss for the quarter were $0.08 per share, compared to adjusted net loss of $0.10 per share in the year-ago quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter decreased to $2.49 billion from $2.56 billion in the same quarter last year. Analysts expected revenues of $2.59 billion for the quarter.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $0.35 to $0.85 per share on sales between $10.65 billion and $11.15 billion. The Street is looking for earnings of $1.26 per share on revenues of $10.98 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: DAN
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Singapore Stock Market May Extend Losing Streak

Singapore Stock Market May Extend Losing Streak

The Singapore stock market has finished lower in three straight sessions, sinking more than 45 points or 1 percent along the way. The Straits Times Index now sits just above the 4,425-point plateau and it may take further damage on Monday.
RTTNews | 26 minutes ago
Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and the losses may accelerate on Monday.
RTTNews | 56 minutes ago
South Korea Shares Due For Profit Taking

South Korea Shares Due For Profit Taking

The South Korea stock market has moved higher in three straight sessions, accelerating nearly 190 points or 5.3 percent in that span. Now at a fresh record closing high, the KOPSI sits just above the 3,610-point plateau although investors figure to lock in gains on Monday.
RTTNews | 1h 26min ago
China Trade Data On Tap For Monday

China Trade Data On Tap For Monday

China will on Monday release September numbers for imports, exports ad trade balance, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 2h 26min ago
U.S. Govt Has Started To Fire Federal Workers

U.S. Govt Has Started To Fire Federal Workers

The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on the 10th day of the shutdown. In a post on the social media platform X, Vought said, "The RIFs have begun." RIF is an acronym for reduction in force.
RTTNews | 2 days ago
SMI Sheds Over 1% As Stocks Tumble In Final Hour

SMI Sheds Over 1% As Stocks Tumble In Final Hour

After moving along the flat line till the penultimate hour of the day's trading session on Friday, Switzerland's benchmark index SMI tumbled in the final hour, as trade tensions intensified after U.S. President Donald Trump threatened to impose massive tariffs on Chinese imports.
RTTNews | 2 days ago
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