Hubbell Q3 Adjusted Earnings, Revenue Increase; 2024 Outlook Updated

MT Newswires Live

Oct 29, 2024

Hubbell (HUBB) reported Q3 adjusted earnings Tuesday of $4.49 per diluted share, up from $3.95 a year earlier.

Analysts polled by Capital IQ expected $4.46.

Revenue for the quarter ended Sept. 30 was $1.44 billion, up from $1.38 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.48 billion.

For 2024, the manufacturer of electrical and utility products now anticipates adjusted EPS of $16.35 to $16.55 on total sales growth of about 6%, compared with its previous guidance of EPS of $16.20 to $16.50 on total sales growth of 7% to 8%. Analysts polled by Capital IQ expect EPS of $16.42 on revenue of $5.77 billion.

Hubbell shares were down more than 3% in recent Tuesday premarket activity.

Price: 435.00, Change: -14.67, Percent Change: -3.26

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Analysts polled by Capital IQ expect EPS of $16.42 on revenue of $5.77 billion.</p><p>Hubbell shares were down more than 3% in recent Tuesday premarket activity.</p><p>Price: 435.00, Change: -14.67, Percent Change: -3.26</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUBB","symbol_name":"哈勃集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479409990","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479409990","pubTimestamp":1730204202,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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