MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Thursday reported fourth-quarter net income of $40 million.
On a per-share basis, the Maumee, Ohio-based company said it had net income of 27 cents. Earnings, adjusted for one-time gains and costs, were 24 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The automotive equipment supplier posted revenue of $2.11 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.9 billion.
For the year, the company reported a loss of $31 million, or 21 cents per share, swinging to a loss in the period. Revenue was reported as $7.11 billion.
Dana expects full-year earnings in the range of $1.90 to $2.40 per share, with revenue in the range of $8.05 billion to $8.55 billion.
Dana shares have climbed 17% since the beginning of the year. The stock has risen 32% in the last 12 months.
