Hubbell Q4 Adj. EPS $3.69 Beats $3.57 Estimate, Sales $1.35B Beat $1.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hubbell Inc. (HUBB) reported Q4 adjusted earnings of $3.69 per share, surpassing the consensus estimate of $3.57, and marking a 41.92% increase from the previous year. Quarterly sales reached $1.35 billion, exceeding estimates of $1.32 billion and showing a 10.33% increase year-over-year.
January 30, 2024 | 12:31 pm
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POSITIVE IMPACT
Hubbell's Q4 earnings and sales exceeded analyst estimates, with significant increases compared to the same period last year.
Hubbell's strong earnings report, which beat both earnings and sales estimates, is likely to instill confidence in investors and could lead to a short-term increase in stock price. The substantial year-over-year growth in earnings and sales further emphasizes the company's positive performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100