Dura Automotive Systems has reported essentially flat quarterly earnings after one-time expenses.
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According to Reuters, Dura, the world’s largest independent maker of driver control systems, reported first-quarter net income of $US9.2 million, or 48 cents a share, compared with income of $9.2 million, or 50 cents a share, a year ago.
Excluding a restructuring charge and loss from discontinued operations, income in the latest quarter was $10.9 million, or 57 cents a share, the report said.
Three analysts on average had expected earnings of 56 cents a share, with estimates ranging from 55 cents to 57 cents, according to Reuters Research.
The company, which also makes door modules and seat controls, said sales rose to $634.6 million from $592.8 million, helped by the weaker dollar and an acquisition, Reuters added.
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