Jan 15 Dana Holding Corp estimated its
2012 sales at the low end of its forecast, hurt by depressed
demand for its commercial vehicle parts, and forecast 2013
results below market expectations.
The Ohio-based company cut its 2012 revenue forecast to
between $7.2 billion and $7.3 billion in October.
For 2013, Dana Holding said it expects full-year adjusted
earnings of $1.88 to $1.95 per share on sales of about $7.1
Analysts on average were expecting earnings of $1.98 per
share on revenue of $7.52 billion, according to Thomson Reuters