Recap: Hawaiian Electric Indus Q3 Earnings
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Indus (NYSE:HE) reported its Q3 earnings, beating estimated earnings by 43.59% with an EPS of $0.56 versus an estimate of $0.39. However, revenue was down $140.13 million from the same period last year. Last quarter, the company missed on EPS by $0.02, which was followed by a 4.76% drop in the share price the next day.
November 09, 2023 | 9:05 pm
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Hawaiian Electric Indus beat Q3 earnings estimates but reported a decrease in revenue compared to the same period last year.
While Hawaiian Electric Indus beat earnings estimates, which is generally a positive signal for the stock, the decrease in revenue compared to the same period last year could be a concern for investors. This mixed result makes it difficult to predict the short-term impact on the stock price.
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