Hippo Holdings Q4 GAAP EPS $(1.76) Beats $(2.01) Estimate, Sales $64.50M Beat $55.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hippo Holdings (NYSE:HIPO) reported Q4 GAAP EPS of $(1.76), surpassing the $(2.01) estimate, and sales of $64.50M, exceeding the $55.25M estimate. This represents a significant improvement over the previous year, with a 35.77% decrease in losses per share and an 80.17% increase in sales.
March 06, 2024 | 11:14 am
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Hippo Holdings reported a smaller than expected Q4 loss and higher sales, indicating a strong performance and significant improvement over the previous year.
The positive earnings report, with both EPS and sales beating estimates and showing significant year-over-year improvement, is likely to instill investor confidence and could lead to a short-term uptick in HIPO's stock price.
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