Phinia (PHIN) reported third-quarter earnings of $13 million, with a profit of 33 cents per share.
Earnings, adjusted for one-time gains and costs, were $1.59 per share, surpassing Wall Street expectations.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The company posted revenue of $908 million in the period and expects full-year revenue in the range of $3.39 billion to $3.45 billion.
Author's summary:
Phinia reports Q3 earnings of $13 million.