Dana Incorporated Expects FY23 Sales Of $10.7B If UAW Strike Lasts Till Oct. 31; Sees FY23 Sales Of $10.2B If Strike Lasts Till Dec. 31 Vs Estimate: $10.68B (Prior View: $10.45B-$10.95B)
Portfolio Pulse from Benzinga Newsdesk
Dana Incorporated has revised its FY23 sales forecast due to the ongoing UAW strike. The company expects sales of $10.7B if the strike lasts until October 31, and $10.2B if the strike continues until December 31. This is compared to the previous estimate of $10.68B and the prior view of $10.45B-$10.95B.
October 27, 2023 | 11:16 am
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NEGATIVE IMPACT
Dana Incorporated's FY23 sales forecast has been revised due to the UAW strike. The company's stock may be negatively impacted if the strike continues.
The ongoing UAW strike is directly impacting Dana Incorporated's operations and its ability to generate revenue. If the strike continues, it could lead to lower sales than previously forecasted, which could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100