Hyster-Yale Shares Fall After Q3 Earnings, Revenue Miss Estimates

MT Newswires Live

2024/11/05

Hyster-Yale (HY) shares were falling 9% in early trading Tuesday after the company reported Q3 earnings and revenue that fell below analysts' forecasts.

The company reported Q3 earnings Tuesday of $0.97 per diluted share, down from $2.06 a year earlier.

Two analysts polled by Capital IQ expected $1.97.

Revenue for the quarter ended Sept. 30 was $1.02 billion, up from $1 billion a year earlier.

Two analysts surveyed by Capital IQ expected $1.06 billion.

Price: 57.00, Change: -5.68, Percent Change: -9.06

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