MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Thursday reported first-quarter profit of $98 million.
On a per-share basis, the Maumee, Ohio-based company said it had net income of 68 cents. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The automotive equipment supplier posted revenue of $2.16 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.19 billion.
Dana expects full-year earnings in the range of $2.95 to $3.45 per share, with revenue in the range of $8.95 billion to $9.35 billion.
Dana shares have risen 41% since the beginning of the year. The stock has fallen 19% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAN at https://www.zacks.com/ap/DAN