DETROIT (AP) 鈥� DETROIT (AP) 鈥� Dauch Corporation (DCH) on Friday reported a loss of $100.3 million in its first quarter.
On a per-share basis, the Detroit-based company said it had a loss of 52 cents. Earnings, adjusted for one-time gains and costs, were 34 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The maker of auto parts posted revenue of $2.38 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.22 billion.
Dauch expects full-year revenue in the range of $10.3 billion to $10.8 billion.
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