09:14 AM EDT, 07/30/2024 (MT Newswires) -- Phinia ( PHIN ) reported Q2 adjusted net earnings Tuesday of $0.88 per diluted share, down from $1.61 a year earlier.

Two analysts polled by Capital IQ expected $1.15.

Net sales for the quarter ended June 30 were $868 million, down from $887 million a year earlier.

A single analyst surveyed by Capital IQ expected $889.3 million.

For the full-year 2024, the company said it continues to expect net sales to be between $3.42 billion to $3.58 billion. Two analysts polled by Capital IQ expect $3.51 billion.

Phinia's ( PHIN ) stock was down 3% in recent Tuesday premarket activity.

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