DAN - Why Automotive Supplier Dana Shares Are Falling Tuesday | Benzinga
Dana Incorporated (NYSE:DAN) shares are trading lower on Tuesday. The company reported fourth-quarter sales of $2.494 billion, missing the street view of $2.585 billion.
Fourth-quarter sales were lower than $2.555 billion in the year-ago period owing to the impact of the UAW strike on the Light Vehicle Driveline segment, which was partially offset by cost-recovery actions and conversion of the sales backlog.
Adjusted loss attributable to Dana was $(11) million, or $(0.08) per share (missing the consensus ...