Shares of Dana Incorporated (DAN) plunged 6% in pre-market trading on Wednesday following the release of the company's disappointing first-quarter 2025 earnings report and reduced full-year guidance.

The automotive equipment supplier reported adjusted earnings per share of $0.13 for Q1, falling short of analyst expectations of $0.17 and marking a significant decline from $0.26 in the same period last year. While revenue came in at $2.35 billion, surpassing analyst estimates of $2.3 billion, it still represented a 14% decrease from $2.74 billion in Q1 2024.

Adding to investor concerns, Dana lowered its full-year 2025 outlook. The company now expects adjusted earnings per share between $1.15 and $1.65, down from its previous guidance of $1.40 to $1.90. This reduction in guidance suggests ongoing challenges for the company in the current economic environment.

The sharp decline in Dana's stock price reflects investor disappointment with the company's performance and outlook. As the automotive industry continues to face headwinds, including supply chain disruptions and economic uncertainties, Dana's results highlight the ongoing challenges in the sector.