Hubbell Q2 Adj $4.37 Beats $4.25 Estimate, Sales $1.45B Miss $1.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hubbell (NYSE:HUBB) reported Q2 earnings of $4.37 per share, beating the analyst estimate of $4.25. However, sales of $1.45 billion missed the $1.49 billion estimate. Earnings increased by 7.37% year-over-year, while sales grew by 6.30%.
July 30, 2024 | 11:31 am
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Hubbell's Q2 earnings per share of $4.37 beat estimates, but sales of $1.45 billion missed expectations. Despite the mixed results, both earnings and sales showed year-over-year growth.
While Hubbell's earnings beat expectations, the miss on sales could create mixed sentiment among investors. The year-over-year growth in both earnings and sales is a positive sign, but the sales miss may temper short-term enthusiasm.
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