Dana cuts first-quarter outlook, citing shortages, high steel costs

Mar 23, 2005 | 10:38 AM | Philip Burgert

Automotive parts supplier Dana Corp., Toledo, Ohio, has sharply cut its first-quarter earnings estimate, blaming higher-than-expected steel costs, component shortages and other factors.

The company said it now expects its quarterly profit to be in a range of 11 to 13 cents per share, down from a previously announced range of 17 to 23 cents.....

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