Hyster-Yale Materials Expects Q3 Operating Profit To Decrease Q/Q; Q4 Results To Increase Meaningfully Over Q3
Portfolio Pulse from Benzinga Newsdesk
Hyster-Yale Materials Handling, Inc. (HY) anticipates a decrease in Q3 operating profit compared to Q2. However, the company expects Q4 results to significantly improve over Q3.
August 04, 2023 | 10:35 am
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Hyster-Yale Materials (HY) expects a decrease in Q3 operating profit but a significant increase in Q4 results.
The company's forecast of a decrease in Q3 operating profit could negatively impact the stock in the short term. However, the prediction of a significant increase in Q4 results could offset this negative impact, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100