Phinia Q2 2024 Adj. EPS $0.88 Misses $1.15 Estimate, Sales $868.000M Down From $887.000M YoY
Portfolio Pulse from Benzinga Newsdesk
Phinia (NYSE:PHIN) reported Q2 2024 earnings of $0.88 per share, missing the analyst estimate of $1.15. Sales were $868 million, down 2.14% from $887 million YoY.
July 30, 2024 | 11:31 am
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Phinia reported Q2 2024 earnings of $0.88 per share, missing the analyst estimate of $1.15. Sales were $868 million, down 2.14% from $887 million YoY.
Phinia's earnings per share missed analyst expectations by a significant margin (23.48%), and sales decreased year-over-year. This negative performance is likely to impact the stock price negatively in the short term.
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IMPORTANCE 80
RELEVANCE 100