Phinia Shares Rise After Reporting Higher Q3 Adjusted Net Earnings

MT Newswires Live

Oct 31, 2024

Phinia (PHIN) shares rose 2.3% in recent trading Thursday after the company reported higher and stronger-than-expected adjusted net earnings.

The company reported Q3 adjusted net earnings Thursday of $1.17 per diluted share, up from $0.69 a year earlier.

Three analysts polled by Capital IQ expected $0.91.

Net sales for the quarter ended Sept. 30 were $839 million, down from $896 million a year earlier.

Two analysts surveyed by Capital IQ expected $849.3 million.

The company said it now expects 2024 net sales of $3.36 billion to $3.41 billion, compared with $3.42 billion to $3.58 billion previously. Three analysts surveyed by Capital IQ expect $3.42 billion.

Price: 45.50, Change: +1.00, Percent Change: +2.25

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Three analysts surveyed by Capital IQ expect $3.42 billion.</p><p>Price: 45.50, Change: +1.00, Percent Change: +2.25</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PHIN","symbol_name":"PHINIA INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479034878","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479034878","pubTimestamp":1730385964,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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