FX.co ★ Dana Incorporated Profit Drops In Q1, misses estimates

Dana Incorporated (DAN) recently reported a decrease in their first-quarter earnings compared to the same period in the previous year, falling short of Wall Street's expectations.

First-quarter earnings amounted to $3 million, equating to $0.02 per share. This is a significant decrease from the previous year's first-quarter earnings of $28 million, which translated to $0.19 per share.

The average forecast from analysts expected the company to earn $0.19 per share, as compiled by Thomson Reuters. Typically, these estimates do not consider any special items.

However, the company's revenue for the quarter did see a 3.4% rise, climbing to $2.735 billion from last year's $2.644 billion.

Here's a brief look at Dana Incorporated's earnings, according to the GAAP:

- First-quarter earnings: $3 million compared to the previous year's $28 million.

- First-quarter earnings per share: $0.02 compared to the previous year's $0.19.

- First-quarter revenue: a rise to $2.735 billion from the previous year's $2.644 billion.