Why Dana Stock Just Crashed 14%
Shares of auto parts manufacturer Dana (NYSE: DAN) were down 13.7% as of 1:35 p.m. EDT Tuesday after the company beat on sales but missed on earnings in its Q3 report this morning.
Analysts had forecast Dana would earn $0.46 per share (pro forma) on sales of $2.1 billion in the third quarter. Dana edged out that sales forecast with $2.2 billion in revenue, but whiffed on earnings, reporting just $0.41 per share.
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Source Fool.com
