Dura returns to profit in first quarter

Newswire

DETROIT, April 24 (Reuters) - Auto parts supplier Dura Automotive Systems Inc. on Thursday reported a quarterly profit of $9.2 million, recovering from a loss in the year-ago quarter. The Rochester Hills, Michigan-based company said its earnings rose to 50 cents per share versus a loss of $194 million or $9.91 per share in the year-ago quarter when it took charges for a restructuring. Excluding a one-time loss from discontinued operations, Dura posted a profit of $10.1 million or 55 ...

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