H.B. Fuller: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
H.B. Fuller (NYSE:FUL) reported Q2 earnings, missing estimated earnings by 10.58% with an EPS of $0.93 versus an estimate of $1.04. Revenue was down $95.02 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 1.96% drop in the share price the next day.
June 28, 2023 | 8:15 pm
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NEGATIVE IMPACT
H.B. Fuller's Q2 earnings missed estimates, which could potentially lead to a short-term drop in its share price, similar to the 1.96% drop observed in the previous quarter after an earnings miss.
H.B. Fuller's Q2 earnings missed estimates by 10.58%, and its revenue was down $95.02 million from the same period last year. This negative financial performance could potentially lead to a decrease in its share price in the short term, as investors may perceive this as a sign of the company's weakening financial health. This is further supported by the fact that the company's share price dropped by 1.96% the day after it missed earnings estimates in the previous quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100