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Dura Automotive Systems posts $3.4 million loss

Pointing to slow automotive and recreational vehicle sales as well as unfavorable foreign exchange rates, Dura Automotive Systems Inc. reported a third-quarter loss of $3.4 million, or 19 cents per share, on revenue of $568.9 million for the quarter ending Sept. 30.

The Rochester Hills, Mich.-based supplier earned $10.3 million, or 58 cents per share, on revenue of $587.1 million during the same quarter last year.

For the first nine months of this year, Dura Automotive earned $18.7 million, or $1.04 per share, on revenue of $1.9 billion. That's compared with net income of $38.2 million, or $2.13 per share, on revenue of $2 billion during the same period last year.

Dura makes door modules, parking brake systems, automotive cables, transmission shifter systems, power- and manual-window regulators, hinges, latches, seat mechanisms and structures, underbody tire carriers, jacks, brake, clutch and accelerator pedals, adjustable pedal systems and other mechanical assemblies.

The company reported $2.2 billion in revenue last year.



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