CORRECTION: Hawaiian Electric Industries Q3 Adj $0.56 Beats $0.54 Estimate, Sales $901.87M Beat $858.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (HE) reported Q3 adjusted earnings of $0.56 per share, surpassing the consensus estimate of $0.54, and sales of $901.87M, exceeding the estimate of $858.36M. However, there was a 1.75% decrease in earnings and a 13.45% decrease in sales compared to the same period last year.
November 10, 2023 | 6:48 pm
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Hawaiian Electric Industries reported higher-than-expected Q3 earnings and sales, but with a decrease compared to the previous year.
Beating earnings and sales estimates typically has a positive impact on stock prices in the short term, signaling better-than-expected financial performance. However, the year-over-year declines may temper investor enthusiasm, suggesting a potential slowdown in growth.
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