Hudson Technologies Q1 2024 GAAP EPS $0.20, Inline, Sales $65.250M Beat $63.344M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudson Technologies (NASDAQ:HDSN) reported Q1 2024 earnings of $0.20 per share, meeting analyst estimates but marking a 39.39% decrease from the previous year. Sales reached $65.250M, exceeding expectations by 3.01% but showing a 15.48% decrease year-over-year.
May 01, 2024 | 8:47 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Hudson Technologies reported Q1 2024 earnings of $0.20 per share, in line with estimates, and sales of $65.250M, surpassing forecasts but showing a decrease from the previous year.
While Hudson Technologies met EPS estimates and exceeded sales forecasts for Q1 2024, the year-over-year decrease in both earnings and sales may temper investor enthusiasm. The alignment with EPS estimates suggests stability, whereas the sales beat indicates potential growth areas. However, the significant decreases from the previous year could concern investors about long-term growth prospects, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100