Helios Technologies Q1 2024 Adj EPS $0.53 Beats $0.44 Estimate, Sales $212.000M Beat $205.612M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helios Technologies (NYSE:HLIO) reported Q1 2024 adjusted EPS of $0.53, surpassing the $0.44 estimate, and sales of $212M, exceeding the $205.612M forecast. Despite beating estimates, this reflects a 26.39% decrease in EPS and a 0.56% drop in sales from the previous year.
May 08, 2024 | 9:09 pm
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Helios Technologies reported a strong Q1 2024 performance with EPS and sales beating estimates, despite a year-over-year decrease in both metrics.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year decrease in both earnings and sales might temper the positive impact, suggesting a cautious optimism.
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RELEVANCE 100