Hyster-Yale Materials Q1 EPS $2.93 Beats $2.14 Estimate, Sales $1.06B Beat $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyster-Yale Materials (NYSE:HY) reported Q1 earnings of $2.93 per share, surpassing the $2.14 estimate, and sales of $1.06B, exceeding the $1.03B estimate. This represents an 89.03% increase in earnings and a 5.72% increase in sales from the same period last year.
May 07, 2024 | 8:43 pm
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Hyster-Yale Materials reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $2.93 and sales at $1.06B.
The substantial beat on both earnings per share and sales estimates for Hyster-Yale Materials indicates strong financial performance and operational efficiency. This outperformance, especially the 89.03% increase in earnings per share from the previous year, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100