09:29 AM EDT, 10/30/2024 (MT Newswires) -- Dana (DAN) reported Q3 adjusted earnings Wednesday of $0.12 per diluted share, down from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.23.

Net sales for the quarter ended Sept. 30 were $2.48 billion, down from $2.67 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.57 billion.

The company said it now expects 2024 diluted adjusted EPS of $0.75 to $0.95 on sales of $10.2 billion to $10.4 billion, compared with diluted adjusted EPS of $0.80 to $1.30 on sales of $10.45 billion to $10.95 billion previously.

Analysts surveyed by Capital IQ expect adjusted EPS of $0.93 and revenue of $10.56 billion.

Dana shares were down over 10% ahead of the opening bell.

Price: 9.09, Change: -1.05, Percent Change: -10.36