Dauch: Q4 Earnings Snapshot | kare11.com
Dauch Corporation (DCH) on Friday reported a loss of $75.3 million in its fourth quarter.
DETROIT(AP) — DETROIT (AP) — Dauch Corporation (DCH) on Friday reported a loss of $75.3 million in its fourth quarter.
On a per-share basis, the Detroit-based company said it had a loss of 63 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The maker of auto parts posted revenue of $1.38 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.41 billion.
For the year, the company reported a loss of $19.7 million, or 17 cents per share. Revenue was reported as $5.84 billion.
Dauch expects full-year revenue in the range of $10.3 billion to $10.7 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCH at https://www.zacks.com/ap/DCH
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