Dana Inc (NYSE:DAN) swung to a loss in the fourth quarter, though backed its earnings outlook for the current fiscal year. The company posted a loss of $104 million, or 74 cents per share in the quarter, as compared to earnings of $485 million, or $3.34 per share in the same period last year. Analysts polled by FactSet were looking for a profit of $79 million, or 53 cents per share.
Adjusted profit for the quarter came in at $197 million, up from $166 million one year ago. Analysts had expected adjusted ebitda of $200 million. Fourth-quarter revenue climbed to $1.84 billion, as compared to $1.45 billion, and also above consensus forecast of $1.79 billion.
Looking forward, Maumee, Ohio.-based Dana is expecting revenue of $7.5 billion and $7.7 billion for 2018, and adjusted ebitda in the range of $910 million to $960. It also projected adjusted diluted earnings between $2.60 and $2.90 per share.
DAN shares slightly moved up in the pre-market on Tuesday following Q4 financial results. The 52-week range of the stock is $17.53-$35.27. The company’s market cap is $4.38 billion.