Dana (NYSE: DAN) was hardly the first name in the auto parts sector for many investors this week. The company's shares were skidding into a 16% decline week to date as of Friday before market open, according to data compiled by S&P Global Market Intelligence , largely because of its latest earnings report.
Dana, which specializes in propulsion and energy management products for the automotive industry , published its fourth-quarter and full-year 2022 figures before market open on Tuesday.
Although it beat (barely) analyst expectations on the top line, it posted a surprise net loss for the period.
For further details see:
Why Dana Stock Was in a Tailspin This Week