Dana -3% after revenue warning

|About: Dana Incorporated (DAN)|By:, SA News Editor

Dana (NYSE:DAN) heads lower in premarket trading after providing an update ahead of a presentation at the RBC Capital Markets Industrial Conference.

The company says weaker off-highway end market demand during July and August means Q3 sales are likely to fall $100M below expectations. Dana expects to largely offset the Q3 revenue shortfall in Q4 through sustained North America Class 8 production.

A segment mix of lower Off-Highway and higher Commercial Vehicle is said to likely pressure profit margins in Q3.

SEC Form 8-K

Shares of Dana are down 3.47% premarket to $15.00.

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