Dana Incorporated Beats Analyst Estimates and Raises Annual Guidance

On October 26, Dana Incorporated (DAN) released its third-quarter earnings. The company posted quarterly EPS of $0.59, which beat analyst estimates of $0.56. Quarterly revenue increased 32.3% compared to the third quarter last year. Dana also increased its guidance for annual EPS to $2.30-$2.50.

 

Sonal detected the event and issued an alert on October 26 at 6:59 am. The stock opened for the day at $28.80.

Shares of Dana Incorporated increased throughout the day to close at $29.42. The trend continued for the next few trading sessions as well, which offered investors plenty of time to benefit from trading this event. The stock closed at $31.37 on November 2, which marked a gain of 9% from the open on October 26.

 

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