Hubbell Q2 Adj EPS $4.07 Beats $3.72 Estimate, Sales $1.37B Miss $1.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hubbell (NYSE:HUBB) reported Q2 earnings of $4.07 per share, beating the analyst consensus estimate of $3.72 by 9.41%. This is a 44.84% increase from the same period last year. However, the company's quarterly sales of $1.37 billion missed the analyst consensus estimate by 0.30%, but still showed an 8.75% increase from the same period last year.
July 25, 2023 | 11:32 am
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NEUTRAL IMPACT
Hubbell's Q2 earnings beat estimates, but sales slightly missed. This could have a mixed impact on the stock.
Hubbell's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100