=Dana Holding (DAN) reported earnings on Thur 21 Jul 2016 (b/o)

Dana Holding beats by $0.07, beats on revs; reaffirms FY16 EPS guidance, revs guidance  :

• Reports Q2 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.07 better thanthe Capital IQ Consensus of $0.46; revenues fell 3.9% year/year to $1.55 bln vs the $1.51 bln Capital IQ Consensus.
• Co reaffirms guidance for FY16, sees EPS of $1.65-1.75, excluding non-recurring items, vs. $1.61 Capital IQ Consensus Estimate; sees FY16 revs of $5.8-6.0 bln vs. $5.74 bln Capital IQ Consensus Estimate.
  • Cash flow from operations of $450 to 470 million;
  • Capital spending of $320 to $340 million; and
  • Free cash flow of $120 to $140 million.