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

RTTNews | 603 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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Indonesia Stock Market May Find Traction On Thursday

Indonesia Stock Market May Find Traction On Thursday

The Indonesia stock market has finished lower in three straight sessions, stumbling more than 200 points or 2.6 percent along the way. The Jakarta Composite Index now rests just above the 8,050-point plateau although investors may go bargain hunting on Thursday.
RTTNews | 20 minutes ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, extending the strong gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 48,000 mark, with gains in financial, automaker and technology stocks.
RTTNews | 33 minutes ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market on Wednesday halted the seven-day losing streak in which it had plummeted more than 1,850 points or 7 percent. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend those gains on Thursday.
RTTNews | 35 minutes ago
China Shares May See Additional Support On Thursday

China Shares May See Additional Support On Thursday

The China stock market on Wednesday ended the three-day losing streak in which it had stumbled almost 70 points or 1.8 percent. The Shanghai Composite Index now sits above the 3,910-point plateau and it may tick higher again on Thursday.
RTTNews | 50 minutes ago
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 9,000 level, with gains in gold miners and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | 1h 9min ago
Taiwan Stock Market May Extend Wednesday's Gains

Taiwan Stock Market May Extend Wednesday's Gains

The Taiwan stock market on Wednesday wrote a finish to the two-day slide in which it had dropped more than 600 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 27,275-point plateau and it may add to its winnings on Thursday.
RTTNews | 1h 20min ago
Singapore Bourse May Test Resistance At 4,400 Points

Singapore Bourse May Test Resistance At 4,400 Points

The Singapore stock market on Wednesday ended the five-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now rests just beneath the 4,370-point plateau and it's expected to open t the upside again on Thursday.
RTTNews | 1h 50min ago
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