MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Tuesday reported third-quarter net income of $48 million.
On a per-share basis, the Maumee, Ohio-based company said it had net income of 33 cents. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The automotive equipment supplier posted revenue of $2.2 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $2.09 billion.
Dana expects full-year earnings in the range of $1.65 to $2.05 per share, with revenue in the range of $8.8 billion to $9 billion.
