Hyster-Yale Materials Q4 EPS $1.43 Up From $0.44 YoY, Sales $1.03B Beat $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyster-Yale Materials (NYSE:HY) reported a significant increase in Q4 earnings per share, rising 225% to $1.43 from $0.44 YoY. Sales also increased by 4.24% to $1.03B, surpassing the $1.02B estimate.
February 27, 2024 | 9:57 pm
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Hyster-Yale Materials reported a significant increase in Q4 EPS to $1.43, up 225% YoY, with sales rising 4.24% to $1.03B, beating estimates.
The substantial increase in earnings per share and sales growth, both surpassing analyst estimates, indicate strong financial performance and operational efficiency. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in HY's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100