Phinia Q4 Adj EPS $0.71 Down From $1.75 YoY, Sales $882.00M Up From $851.00M YoY
Portfolio Pulse from mahesh@benzinga.com
Phinia reported a significant decrease in its Q4 adjusted EPS to $0.71 from $1.75 YoY, despite a slight increase in sales to $882.00M from $851.00M YoY.
February 21, 2024 | 12:37 pm
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NEGATIVE IMPACT
Phinia's Q4 earnings showed a significant decrease in EPS alongside a modest increase in sales.
The substantial decrease in EPS is likely to concern investors, overshadowing the slight increase in sales. This could lead to negative sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100