FX.co ★ PHINIA Reaffirms FY24 Outlook - Update

PHINIA Inc. (PHIN) reaffirmed its financial outlook for fiscal year 2024 during its first quarter results announcement on Thursday. This projection includes net earnings of approximately $125 million to $160 million, and net sales in the region of $3.42 billion to $3.58 billion.

Market analysts from Thomson Reuters had predicted that the company would have earnings per share of $4.15, on a total revenue of $3.48 billion for the year. Commonly, these estimated figures do not account for any unique, non-recurring items.