Dana Incorporated (DAN) Misses Q3 EPS by 10c; Lowers Outlook

Dana Incorporated (NYSE: DAN) reported Q3 EPS of $0.41, $0.10 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.1 billion.

"Rising commodity costs, supply-chain constraints, and labor shortages across the entire global mobility industry continue to impact our business," said James Kamsickas, Dana chairman and CEO. "While we expect these challenges to continue in the near-term, we remain diligent in working to offset and recover these higher costs through our established mechanisms. Moving forward, we anticipate suppressed end-market inventory levels will continue to drive high consumer demand, and Dana is well-positioned to capitalize on the cyclical growth opportunity as the various challenges facing our industry begin to subside."

GUIDANCE:

Dana Incorporated sees FY2021 EPS of $1.65-$2.05, versus the consensus of $2.26. Dana Incorporated sees FY2021 revenue of $8.8-9 billion, versus the consensus of $8.72 billion.

For earnings history and earnings-related data on Dana Incorporated (DAN) click here.

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