Phinia Lowers FY2024 Sales Guidance from $3.42B to $3.36B-3.41B
Portfolio Pulse from Benzinga Newsdesk
Phinia has revised its FY2024 sales guidance downward, adjusting the expected range from $3.42 billion to $3.36 billion-$3.41 billion.
October 31, 2024 | 11:32 am
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Phinia has reduced its FY2024 sales guidance from $3.42 billion to a range of $3.36 billion-$3.41 billion, indicating potential challenges in meeting previous sales expectations.
The downward revision in sales guidance suggests that Phinia may face challenges in achieving its previous sales targets, which could negatively impact investor sentiment and the stock price in the short term.
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