MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — Dana Inc. (DAN) on Friday reported first-quarter earnings of $28 million.
On a per-share basis, the Maumee, Ohio-based company said it had net income of 19 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The automotive equipment supplier posted revenue of $2.64 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.58 billion.
Dana expects full-year earnings in the range of 25 cents to 75 cents per share, with revenue in the range of $10.35 billion to $10.85 billion.
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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
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