Dana Reports Smaller 4Q Loss, Boosts 2011 Outlook

[Stay on top of transportation news: .]

Dana Holding Corp. reported a smaller fourth-quarter loss than a year ago and a net profit for the full year, while boosting its 2011 earnings and revenue outlook.

The truck axle and frame maker lost $14 million, or 16 cents a share, compared with a loss of $236 million, or $2.02 per share, a year ago.

For the year Dana earn $10 million, compared with a loss of $431 million in 2009.

Quarterly sales rose $100 million to $1.6 billion, while full-year sales jumped 17% to $6.1 billion, the company said in a statement.



Dana said its 2011 revenue will rise least 17% over 2010, up from a previous forecast of 10% growth, and that its earnings per share will be $1.50 to $1.60 per, up from an earlier guidance of $1.30 to $1.40 per share.

Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics