Hingham Institution Q3 Adj $1.44 Up From $1.32 YoY, Sales $11.26M Down From $11.76M YoY
Portfolio Pulse from Benzinga Newsdesk
Hingham Institution (NASDAQ:HIFS) reported a 9.09% increase in quarterly earnings per share to $1.44, despite a 4.28% decrease in sales to $11.26 million compared to the same period last year.
October 11, 2024 | 8:02 pm
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Hingham Institution's Q3 earnings per share increased by 9.09% to $1.44, while sales decreased by 4.28% to $11.26 million year-over-year.
The increase in earnings per share suggests improved profitability, which is positive for the stock. However, the decline in sales may raise concerns about revenue growth. Overall, the positive earnings growth is likely to have a more significant short-term impact, leading to a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100