tradingkey.logo

BUZZ-Hubbell falls on quarterly sales miss

ReutersFeb 4, 2025 2:45 PM

** Shares of electrical equipment maker Hubbell HUBB.N down 1.3% at $403.27 premarket

** Co reports Q4 net sales of $1.33 bln, below analysts' average estimate of $1.41 bln, according to data compiled by LSEG

** Expects FY total sales growth and organic sales growth of 4%-5% vs analysts' average estimate of 6.57%

** Also expects 2025 adj. profit from continuing operations in the range of $17.35 to $17.85

** "While organic growth was below our expectations in quarter, continued operational execution resulted in significant margin expansion and we delivered earnings per share ahead of our prior outlook range," says CEO Gerben Bakker

** Shares rose ~27.4% in 2024

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Related Articles