Phinia Q1 2024 Adj EPS $1.08 Beats $0.74 Estimate, Sales $863.000M Up From $835.000M YoY
Portfolio Pulse from Benzinga Newsdesk
Phinia reported Q1 2024 adjusted EPS of $1.08, surpassing the $0.74 estimate, with a 9.24% decrease from last year's $1.19. Sales rose 3.35% YoY to $863M from $835M.
April 25, 2024 | 11:40 am
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Phinia's Q1 2024 earnings beat estimates with an EPS of $1.08 against the expected $0.74, and sales increased to $863M from $835M YoY.
Phinia's significant beat on both EPS and sales estimates for Q1 2024 indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100