Hudson Global Q1 Adj $(0.72) Misses $0.05 Estimate, Sales $33.89M Miss $34.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudson Global (NASDAQ:HSON) reported a significant miss in Q1 earnings and sales against analyst estimates. Earnings per share were $(0.72), missing the $0.05 estimate by 1540%, and sales were $33.89M, missing the $34.80M estimate by 2.61%. This represents a sharp decline from the previous year's performance.
May 10, 2024 | 12:35 pm
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Hudson Global reported a significant miss in Q1 earnings and sales, with EPS at $(0.72) vs. a $0.05 estimate and sales at $33.89M vs. a $34.80M estimate, indicating a substantial year-over-year decline.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year decline, suggests a negative short-term impact on HSON's stock price. The magnitude of the miss, especially in earnings per share, which was off by 1540%, is likely to shake investor confidence and could lead to a decrease in stock price in the short term.
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