Holley Q1 Sales $158.636M Beat $154.935M Estimate
Portfolio Pulse from Benzinga Newsdesk
Holley (NYSE:HLLY) reported Q1 sales of $158.636M, surpassing the analyst consensus estimate of $154.935M by 2.39%, but marking a 7.88% decrease from the previous year's sales of $172.205M.

May 08, 2024 | 11:36 am
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NEUTRAL IMPACT
Holley's Q1 sales exceeded expectations but showed a year-over-year decline.
While Holley's sales beat the analyst estimates, indicating a positive short-term sentiment, the year-over-year decrease could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on the stock price, as the beat might offset concerns about the sales decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100