Hawaiian Electric Indus Q2 EPS $0.50 Misses $0.52 Estimate, Sales $895.68M Beat $845.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Indus (NYSE:HE) reported Q2 earnings of $0.50 per share, missing the analyst consensus estimate of $0.52 by 3.85%. However, the company's quarterly sales of $895.68 million beat the estimate of $845.37 million by 5.95%.
August 07, 2023 | 8:21 pm
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Hawaiian Electric Indus reported lower than expected Q2 earnings but higher sales. This mixed result could lead to uncertain short-term price movement.
The company's earnings per share fell short of analyst expectations, which could negatively impact the stock price. However, the higher than expected sales could offset this negative impact, leading to an uncertain short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100