Hawaiian Electric Indus Q2 2024 Adj. EPS $0.44 Misses $0.49 Estimate, Sales $897.360M Up From $895.685M YoY
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (NYSE:HE) reported Q2 2024 adjusted EPS of $0.44, missing the analyst estimate of $0.49 by 10.2%. Sales were $897.360 million, a slight increase from $895.685 million YoY.
August 09, 2024 | 8:16 pm
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Hawaiian Electric Industries reported Q2 2024 adjusted EPS of $0.44, missing the analyst estimate of $0.49 by 10.2%. Sales were $897.360 million, a slight increase from $895.685 million YoY.
The miss on EPS by 10.2% is likely to negatively impact the stock price in the short term, despite the slight increase in sales. Investors often react strongly to earnings misses.
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