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Industry: Email Alert RSS FeedDana Ups Earnings Estimate
Autoparts Report, May 22, 2002
Dana Corp. said that it expects its second-quarter earnings before non-recurring items to be in the range of 33 to 35 cents per share. The company had previously said it expected earnings of 28 cents per share before non-recurring items.
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The company attributed the increase to positive results from its cost-reduction initiatives and a stronger-than-expected rate of light-vehicle production during the quarter.
COPYRIGHT 2002 Ron DeMarines
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