DAN

Dana Holding beats by $0.07, beats on revs; reaffirms FY16 EPS guidance, revs guidance  (11.38)
7/21/2016, 7:02:48 AM ET
  • Reports Q2 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.46; revenues fell 3.9% year/year to $1.55 bln vs the $1.51 bln Capital IQ Consensus.
  • Co reaffirms guidance for FY16, sees EPS of $1.65-1.75, excluding non-recurring items, vs. $1.61 Capital IQ Consensus Estimate; sees FY16 revs of $5.8-6.0 bln vs. $5.74 bln Capital IQ Consensus Estimate.
    • Cash flow from operations of $450 to 470 million;
    • Capital spending of $320 to $340 million; and
    • Free cash flow of $120 to $140 million.
    • Courtesy of Briefing.com

Dan gave us a great report this morning. They beat EPS by 7 cents and beat consensus revenues.

This should revise the attitudes of those who thought DAN would continue lower. Now we need a reversal in the revenue to the positive side.

DAN was up $1.15 today to $12.53.

 

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