MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Thursday reported a third-quarter loss of $88 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Maumee, Ohio-based company said it had a loss of 61 cents. Earnings, adjusted for one-time gains and costs, were 24 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The automotive equipment supplier posted revenue of $2.54 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.48 billion.
Dana expects full-year earnings to be 60 cents to 90 cents per share, with revenue in the range of $10 billion to $10.2 billion.
