Hawaiian Electric Indus Q1 EPS $0.38 Misses $0.54 Estimate, Sales $897.16M Down From $928.24M YoY
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Indus (NYSE:HE) reported Q1 earnings of $0.38 per share, missing the consensus estimate of $0.54, marking a 29.63% miss and a 24% decrease from last year's earnings. Sales were $897.16M, down 3.35% from $928.24M YoY.
May 10, 2024 | 6:20 pm
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Hawaiian Electric reported a significant miss in Q1 earnings and a decrease in sales, indicating potential challenges in profitability and revenue growth.
The miss in earnings per share (EPS) by 29.63% and the year-over-year decrease in sales by 3.35% could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively as it reflects challenges in profitability and revenue growth.
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IMPORTANCE 90
RELEVANCE 100