MAUMEE, Ohio, Oct. 27, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the Gabelli Funds 46th Annual Auto Symposium on Oct. 31, 2022. Beginning at 11:30 a.m. PDT (8:30 a.m. EDT), Dana’s Chairman and Chief Executive Officer James Kamsickas will provide a brief overview of the company and answer questions… Continue reading Dana Incorporated to Participate in Gabelli Funds 46th Annual Auto Symposium
Author: Yarhow_Finance Online News
BorgWarner Q3 Earnings Top Estimates
Reuters EU wants 40-man antitrust team to enforce new tech rules, official says EU antitrust regulators are looking to establish a 40-man team and hire a technology expert to enforce tough new rules aimed at reining in the powers of Big Tech, an EU official said on Thursday. The rules known as the Digital Markets… Continue reading BorgWarner Q3 Earnings Top Estimates
BorgWarner (BWA) Q3 Earnings Surpass Estimates, Rise Y/Y
BorgWarner Inc. BWA reported adjusted earnings of $1.24 per share for third-quarter 2022, up from 80 cents recorded in the prior-year quarter. The bottom line also beat the Zacks Consensus Estimate of $1.02 per share. Higher-than-anticipated revenues across Fuel Systems and Aftermarket segments resulted in the outperformance. The automotive equipment supplier reported net sales of $4,060… Continue reading BorgWarner (BWA) Q3 Earnings Surpass Estimates, Rise Y/Y
Baillie Gifford funds bought more shares of China’s Pinduoduo, NIO in Q3
By Summer Zhen HONG KONG, Oct 28 (Reuters) – Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent years, increased its holdings of some Chinese growth stocks in its portfolio in the third quarter despite rising policy uncertainty, exchange filings showed. The Edinburgh-based investment group added 110,737 shares… Continue reading Baillie Gifford funds bought more shares of China’s Pinduoduo, NIO in Q3
Why Nio Stock Crashed Today
Nio (NYSE: NIO) stock crashed Thursday morning, sinking 6.5% lower as of 11:25 a.m. ET. The Chinese electric vehicle (EV) manufacturer is upping up its battery swap game and even setting up a battery manufacturing business. Investors in Chinese stocks are already scurrying for cover after Chinese leader Xi Jinping secured a third term earlier… Continue reading Why Nio Stock Crashed Today
Tesla Stock Vs. BYD Stock: Tesla’s ‘Real Challenger’ Reports Surging Profit
Reuters BYD posts 350% jump in Q3 net profit on sales surge SHANGHAI (Reuters) -China’s biggest electric vehicle (EV) maker BYD said its third-quarter net profit jumped 350% from a year ago, helped by a wider range of product offerings and strong sales that saw it beat Tesla in the world’s largest auto market. BYD’s… Continue reading Tesla Stock Vs. BYD Stock: Tesla’s ‘Real Challenger’ Reports Surging Profit
Lear Wins Major Electrification Program for GM Ultium Full-size SUVs, Trucks through 2030
Lear plans to open new Michigan manufacturing facility to produce electric vehicle components SOUTHFIELD, Mich., Oct. 27, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has been selected by General Motors to exclusively supply the Battery Disconnect Unit (BDU) on all full-size SUVs and trucks… Continue reading Lear Wins Major Electrification Program for GM Ultium Full-size SUVs, Trucks through 2030
Lincoln Electric Holdings (LECO) Q3 Earnings and Revenues Beat Estimates
Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.08%. A quarter ago, it was expected… Continue reading Lincoln Electric Holdings (LECO) Q3 Earnings and Revenues Beat Estimates
Dana (DAN) Beats Q3 Earnings and Revenue Estimates
Dana (DAN) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this… Continue reading Dana (DAN) Beats Q3 Earnings and Revenue Estimates
Dana Incorporated Reports Strong Third-quarter 2022 Financial Results with Higher Sales and Free Cash Flow, Reaffirms Full-year Financial Targets
Key Highlights Sales of $2.54 billion, an increase of $331 million Net loss attributable to Dana of $88 million; includes a non-cash goodwill impairment charge Diluted EPS of $(0.61); diluted adjusted EPS of $0.24 Adjusted EBITDA of $192 million Free cash flow of $77 million, a year-over-year increase of $247 million Wins 8th PACE Award… Continue reading Dana Incorporated Reports Strong Third-quarter 2022 Financial Results with Higher Sales and Free Cash Flow, Reaffirms Full-year Financial Targets