Highway Holdings Q4 EPS $(0.26) Up From $(0.28) YoY, Sales $1.42M Down From $1.70M YoY
Portfolio Pulse from Benzinga Newsdesk
Highway Holdings (NASDAQ:HIHO) reported a Q4 EPS of $(0.26), an improvement from $(0.28) YoY, but sales decreased by 16.22% to $1.42M from $1.70M YoY.
July 19, 2024 | 12:20 pm
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Highway Holdings reported a mixed Q4 with an EPS improvement to $(0.26) from $(0.28) YoY, but a significant sales decline of 16.22% to $1.42M.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the significant decline in sales is a concern and could offset the positive sentiment from the EPS improvement. Overall, the mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100