CHICAGO -- Parts maker Dura Automotive Systems Inc. on Thursday posted a narrower quarterly loss compared with the year-ago period, when a huge restructuring charge hurt results.
Dura, the world's largest independent maker of driver control systems, said its fourth-quarter net loss was $2.9 million compared with a year-earlier loss of $90.7 million.
Excluding charges for restructuring and early repayment of debt, Dana reported income from continuing operations of $9.8 million, or 52 cents a share.
The company, which also makes door modules and seat controls, previously forecast it would earn 40 cents a share in the fourth quarter.
Three analysts on average expected the company to earn 41 cents a share, according to Reuters Research, a unit of Reuters Group Plc.
Rochester Hills, Michigan, US-based Dura said fourth-quarter revenue rose to $627.2 million from $576.5 million, boosted by the weak U.S. dollar.