AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — Phinia Inc. (PHIN) on Tuesday reported third-quarter earnings of $13 million.
The Auburn Hills, Michigan-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, were $1.59 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The maker of gas and diesel fuel systems posted revenue of $908 million in the period.
Phinia expects full-year revenue in the range of $3.39 billion to $3.45 billion.
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