Dana Q3 2024 Adj. EPS $0.12 Misses $0.23 Estimate, Sales $2.476B Miss $2.589B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana Inc. reported Q3 2024 earnings per share of $0.12, missing the analyst estimate of $0.23. Sales were $2.476 billion, below the expected $2.589 billion and down 7.23% from last year.
October 30, 2024 | 11:00 am
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Dana Inc. reported Q3 2024 earnings that missed analyst expectations, with EPS at $0.12 versus the expected $0.23. Sales were also below estimates at $2.476 billion, marking a 7.23% decrease from the previous year.
Dana's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant miss in EPS and the year-over-year sales decline suggest potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100