Howard Hughes Q2 EPS $(0.39) Misses $(0.21) Estimate, Sales $223.32M Beat $217.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes (NYSE:HHC) reported Q2 losses of $(0.39) per share, missing the analyst consensus estimate of $(0.21) by 85.71%. This is a 192.86% decrease over earnings of $0.42 per share from the same period last year. However, the company reported quarterly sales of $223.32 million, beating the analyst consensus estimate of $217.65 million by 2.60%. This is a 19.30% decrease over sales of $276.71 million the same period last year.
August 08, 2023 | 8:04 pm
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NEUTRAL IMPACT
Howard Hughes reported a significant miss on Q2 earnings but beat sales estimates. This mixed result could lead to uncertainty in the market.
Howard Hughes reported a larger than expected loss for Q2, which is likely to negatively impact investor sentiment. However, the company beat sales estimates, which could offset some of the negative impact. The mixed results could lead to uncertainty and volatility in the stock price.
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IMPORTANCE 80
RELEVANCE 100