Holley Q2 EPS $0.11 Beats $0.06 Estimate, Sales $175.30M Beat $172.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Holley (NYSE:HLLY) reported Q2 earnings of $0.11 per share, beating the analyst consensus estimate of $0.06 by 83.33%. The company also reported quarterly sales of $175.30 million, surpassing the analyst consensus estimate of $172.61 million by 1.56%. However, this represents a 2.30% decrease over sales of $179.42 million from the same period last year.
August 10, 2023 | 11:32 am
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POSITIVE IMPACT
Holley's Q2 earnings and sales exceeded analyst estimates, which could positively impact the stock. However, the YoY decrease in sales might temper investor enthusiasm.
Positive earnings and sales surprises often lead to a short-term increase in a company's stock price. However, the YoY decrease in sales could be a concern for investors, potentially limiting the stock's upside.
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