Dana Q3 Adj EPS $0.30 Beats $0.13 Estimate, Sales $2.67B Miss $2.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana (NYSE:DAN) reported Q3 adjusted earnings of $0.30 per share, beating the analyst consensus estimate of $0.13 by 130.77%. However, the company's quarterly sales of $2.67 billion missed the analyst consensus estimate of $2.69 billion by 0.78%.
October 27, 2023 | 11:14 am
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NEUTRAL IMPACT
Dana's Q3 earnings exceeded analyst expectations, but sales fell short of estimates.
Dana's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100