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Provider: Wright Reports
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Dana Holding Corp Lowers FY 2013 Guidance

Tuesday, 29 Oct 2013 07:10am EDT 

Dana Holding Corp announced that in response to weakened demand in construction and mining end markets impacting Off-Highway Driveline, persistent regional economic pressures in India and South America impacting principally Light Vehicle Driveline, and tempered expectations for full-year North America Class 8 vehicle production, the Company revised its fiscal 2013 guidance and expects Sales of approximately $6.7 billion, Adjusted EBITDA of approximately $750 million and diluted adjusted earnings per share (EPS) of approximately $1.76 (excluding the impact of share repurchases after September 30, 2013). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7.0 billion, EBITDA of $798 million and EPS of $1.89 for fiscal 2013. 

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