MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Wednesday reported first-quarter profit of $17 million.
On a per-share basis, the Maumee, Ohio-based company said it had net income of 12 cents. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The automotive equipment supplier posted revenue of $2.48 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.24 billion.
Dana expects full-year earnings to be $1.05 to $1.55 per share, with revenue in the range of $9.85 billion to $10.35 billion.
