Dana Holding Corp. reported a smaller fourth-quarter loss than a year ago and a net profit for the full year, while boosting its 2011 earnings and revenue outlook.
The truck axle and frame maker lost $14 million, or 16 cents a share, compared with a loss of $236 million, or $2.02 per share, a year ago.
For the year Dana earned $10 million, compared with a loss of $431 million in 2009.
Quarterly sales rose $100 million to $1.6 billion, while full-year sales jumped 17% to $6.1 billion, the company said in a statement.
Dana said its 2011 revenue will rise least 17% over 2010, up from a previous forecast of 10% growth, and that its earnings per share will be $1.50 to $1.60 per, up from an earlier guidance of $1.30 to $1.40 per share.
Â© 2010, Transport Topics Publishing Group. All rights reserved.
Dana Reports Smaller 4Q Loss, Boosts 2011 Outlook (2/28/2011 11:00:00 AM)
Truckload Firms Link Rate Gains to Tightened Capacity (9/20/2010 10:00:00 AM)
Dana Closes Sale to Metalsa of Structural Products Unit (3/22/2010 1:25:00 PM)
NTSB Urges Tougher Measures to Fight Driversâ€™ Sleep Apnea (10/26/2009 3:00:00 AM)
Maersk to Charge Lease Fee for Intermodal Chassis (6/29/2009 2:15:00 AM)
Dana Names New CEO (5/28/2009 11:10:00 AM)
OTHER NEWS BRIEFS