PHINIA is trading 13% down today at $72.23 after reporting second-quarter results that highlighted margin pressure and a cautious outlook for the remainder of the year.
- While Q2 net sales of $940 million beat analyst estimates, adjusted EPS of $1.53 missed the consensus as margins compressed during the period.
- Management set the full-year revenue midpoint slightly below expectations, triggering profit-taking in a stock that had previously seen strong performance.