Helios Technologies Q2 2024 Adj. EPS $0.64 Beats $0.61 Estimate, Sales $219.900M Beat $215.425M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helios Technologies (NYSE:HLIO) reported Q2 2024 adjusted EPS of $0.64, beating the analyst estimate of $0.61. Sales were $219.9M, also surpassing the $215.425M estimate. However, both EPS and sales were down compared to the same period last year.
August 05, 2024 | 8:49 pm
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Helios Technologies reported Q2 2024 adjusted EPS of $0.64, beating the analyst estimate of $0.61. Sales were $219.9M, also surpassing the $215.425M estimate. However, both EPS and sales were down compared to the same period last year.
The positive earnings and sales surprise should provide a short-term boost to HLIO's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100