Yahoo Finance PHINIA First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
PHINIA (NYSE:PHIN) First Quarter 2024 Results
Key Financial Results
Revenue: US$863.0m (up 3.4% from 1Q 2023).
Net income: US$29.0m (down 17% from 1Q 2023).
Profit margin: 3.4% (down from 4.2% in 1Q 2023).
EPS: US$0.63 (down from US$0.74 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PHINIA Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 22%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - PHINIA has 3 warning signs we think you should be aware of.
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