Dana Inc. (NYSE DAN) reported a second-quarter net loss of $174 million. Weaker demand resulted from industry-wide coronavirus-prompted plant idlings.
Excluding one-time charges, the second-quarter net loss was $118 million, or a negative $0.69 per diluted share. That compared with net income of $103 million, or a positive $0.87 per share in 2019.
The manufacturer of commercial vehicle driveline and electrification systems reported sales of $1.08 billion compared with $2.3 billion in the second...
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