Dana Incorporated Expects FY23 Diluted adjusted EPS of $0.65-$1.05, Compared With Prior View Of $0.25 to $0.75, Vs $0.68 Consensus
Portfolio Pulse from Benzinga Newsdesk
Dana Incorporated (NYSE:DAN) has revised its FY23 expectations, projecting a diluted adjusted EPS of $0.65-$1.05, up from the previous estimate of $0.25-$0.75. The company also expects FY23 sales to range between $10.45 billion and $10.95 billion, an increase from the prior view of $10.35 billion-$10.85 billion.
July 28, 2023 | 11:07 am
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POSITIVE IMPACT
Dana Incorporated has increased its FY23 earnings and sales forecasts. This could potentially lead to a positive market reaction, boosting the company's stock price in the short term.
Dana Incorporated's upward revision of its FY23 earnings and sales forecasts indicates a positive outlook for the company's performance. This could potentially lead to increased investor confidence, resulting in a rise in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100