Dura Automotive returns to profit in 2nd quarter

Newswire

DETROIT, July 24 (Reuters) - Auto parts maker Dura Automotive Systems Inc. said on Thursday it swung to a profit in the second quarter, boosted by an earlier restructuring. Dura, the world's largest independent maker of driver control systems, said it had second-quarter net income of $10.8 million, or 58 cents a share, compared with a loss of $8.0 million, or 45 cents a share, a year ago. Three analysts on average expected the Rochester Hills, Michigan-based company to earn 53 cents a ...

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