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Why Dana Stock Was in a Tailspin This Week

TheMotleyFool

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Why Dana Stock Was in a Tailspin This Week: https://g.foolcdn.com/editorial/images/722191/person-with-head-on-car-steering-wheel.jpg

Dana (NYSE: DAN) was hardly the first name in the auto parts sector for many investors this week. The company's shares were skidding into a 16% decline week to date as of Friday before market open, according to data compiled by S&P Global Market Intelligence, largely because of its latest earnings report.

Dana, which specializes in propulsion and energy management products for the automotive industry, published its fourth-quarter and full-year 2022 figures before market open on Tuesday.

Although it beat (barely) analyst expectations on the top line, it posted a surprise net loss for the period.

Source Fool.com

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