{"id":183141,"date":"2023-10-31T15:39:59","date_gmt":"2023-10-31T15:39:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183141"},"modified":"2023-10-31T15:39:59","modified_gmt":"2023-10-31T15:39:59","slug":"hubbell-share-drop-after-q3-results-fall-below-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/hubbell-share-drop-after-q3-results-fall-below-view\/","title":{"rendered":"Hubbell Share Drop After Q3 Results Fall Below View"},"content":{"rendered":"
Shares of electrical and utility solutions provider Hubbell Incorporated (HUBB) are falling more than 9% Tuesday morning after the company’s third-quarter results fell short of analysts’ view.<\/p>\n
Net income from continuing operations was $200.1 million or $3.70 per share, up from $150.3 million or $2.78 per share a year ago.<\/p>\n
Excluding one-time items, earnings of $3.95 per share missed the average estimate of analysts polled by Thomson-Reuters of $4.05 per share.<\/p>\n
Net sales increased to $1.376 billion from $1.316 billion a year ago, but below the consensus estimate of $1.39 billion.<\/p>\n
HUBB, currently at $255.67, has traded in the range of $219.77-$340.06 in the last 1 year. <\/p>\n