Dana Holding (DAN) Tops Q3 EPS by 7c; Raises FY EPS Guidance

Dana Holding (NYSE: DAN) reported Q3 EPS of $0.57, $0.07 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.67 billion.

Dana Holding sees FY2014 EPS of $1.93-$1.96, versus the consensus of $1.85. Dana Holding sees FY2014 revenue of $6.65 billion, versus the consensus of $6.7 billion.

The company's share repurchase program authorization increased by $400 million for a total of $1.4 billion since inception, reflecting continued commitment to shareholder returns.

"Dana's third-quarter performance was largely in-line with our expectations, though continued weakness in demand in a few of our end-markets and unfavorable currency movements resulted in sales being slightly lower than last year. We continued to improve our earnings performance in the quarter, driving higher net income and adjusted EBITDA margins compared with last year, as well as generating favorable free cash flow and returning capital to our shareholders under our share repurchase program," said President and Chief Executive Officer Roger Wood. "While we expect currency headwinds and volatility in some of our end markets to continue through the remainder of the year, we are confident in our ability to deliver on the performance of the business as we execute our plan and focus on the successful launch of new customer programs over the next several quarters."

For earnings history and earnings-related data on Dana Holding (DAN) click here.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• SPS Commerce (SPSC) Tops Q1 EPS by 12c
• PTC Therapeutics (PTCT) Tops Q1 EPS by 9c, provides guidance