Dana Q2 Adj. EPS $0.37 Beats $0.17 Estimate, Sales $2.75B Beat $2.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana (NYSE:DAN) reported Q2 adjusted earnings of $0.37 per share, beating the analyst consensus estimate of $0.17 by 117.65%. This is a 362.5% increase over earnings of $0.08 per share from the same period last year. The company also reported quarterly sales of $2.75 billion, beating the analyst consensus estimate of $2.74 billion by 0.29%. This is a 6.26% increase over sales of $2.59 billion the same period last year.
July 28, 2023 | 11:02 am
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POSITIVE IMPACT
Dana's Q2 earnings and sales beat analyst estimates, with a significant YoY increase in earnings and a modest YoY increase in sales.
Dana's Q2 earnings and sales beat analyst estimates, which is generally a positive signal for the stock. The significant YoY increase in earnings suggests improved profitability, while the modest YoY increase in sales indicates steady revenue growth. Both of these factors are likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100