Dana Q1 2024 GAAP EPS $0.02 Misses $0.10 Estimate, Sales $2.735B Beat $2.690B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana Inc. (DAN) reported Q1 2024 earnings of $0.02 per share, missing the consensus estimate of $0.10 by 80%. However, their quarterly sales of $2.735B exceeded the $2.690B estimate by 1.66%, marking a 3.44% increase from the previous year.

April 30, 2024 | 11:05 am
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Dana Inc. reported lower-than-expected Q1 2024 earnings per share but exceeded revenue estimates, with a year-over-year sales increase.
The significant miss in earnings per share (EPS) could negatively impact investor sentiment towards Dana Inc. in the short term, suggesting potential downward pressure on the stock price. However, the beat on revenue estimates and the year-over-year sales growth could offset some of the negative impact from the earnings miss. The mixed results present a neutral outlook, as the positive revenue performance may balance concerns over the earnings shortfall.
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