Dana Q2 Adj $0.31 Beats $0.29 Estimate, Sales $2.74B Miss $2.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana (NYSE:DAN) reported Q2 earnings of $0.31 per share, beating the $0.29 estimate but down 16.22% from last year. Sales were $2.74B, missing the $2.78B estimate and down 0.36% from last year.
July 31, 2024 | 11:02 am
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Dana reported Q2 earnings of $0.31 per share, beating the $0.29 estimate but down 16.22% from last year. Sales were $2.74B, missing the $2.78B estimate and down 0.36% from last year.
Dana's Q2 earnings per share beat estimates, which is positive, but the miss on sales and the year-over-year declines in both earnings and sales are concerning. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100