CNBC's Julia Boorstin with breaking news on additions to Meta's board.
UFC CEO Dana White, a longtime friend of Donald Trump, is joining the board of Meta two weeks before the new administration begins. Meta CEO Mark Zuckerberg said in a post that White has built the UFC "into one of the most valuable, fastest growing, and most popular sports enterprises in the world.
Meta said UFC President Dana White, Exor CEO John Elkann and technology investor Charlie Songhurst were elected as new members of its board of directors.
Meta on Monday announced Dana White will join the company's board of directors. White said he'd "never been interested" in joining a company's board before Meta's offer.
Dana Tesley, Telsey Advisory Group CEO, joins 'Squawk on the Street' to discuss Tesley's thoughts on Aritzia, how the changer in weather impact retail companies, and which retail stocks are winning right now.
Dana Incorporated shares plunged after management announced disappointing revenue and earnings results for the third quarter of the company's 2024 fiscal year. It doesn't help that the business also reduced guidance for the year, with revenue now expected to be well below what it was previously. Even with these troubles, though, DAN stock is incredibly cheap and investors would be wise to remain bullish on the business.
Dana, Inc. (NYSE:DAN ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Craig Barber - Senior Director, IR and Corporate Communications James Kamsickas - Chairman & CEO Timothy Kraus - SVP & CFO Conference Call Participants Tom Narayan - RBC Colin Langan - Wells Fargo James Picariello - BNP Paribas Bruno Dossena - Wolfe Research Joe Spak - UBS Dan Levy - Barclays Operator Good morning, and welcome to Dana Incorporated's Third Quarter 2024 Financial Webcast and Conference Call. My name is Regina, and I will be your conference facilitator.
Dana (DAN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.30 per share a year ago.
"Jeff [Bezos] always had a plan for this to be the company that we see today. "
Dana (DAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dana's outlook has weakened, particularly in off-highway and electrification, leading to a significant decline in share price since the last update. Q2 results were mixed; revenue declined slightly, but operational efficiency efforts helped maintain margins despite weaker demand and electrification pushouts. Near-term drivers for Dana are limited, with commercial trucks and off-highway markets expected to remain weak, though light trucks and long-term remain positive.