Hubbell's Q1 Profit Climbs to $3.41 EPS on 11.1% Revenue Growth
Summary
Hubbell Inc. announced strong first-quarter results, with GAAP profit climbing to $3.41 per share, an increase from $3.03 last year. Adjusted earnings reached $3.93 per share. The company also reported an 11.1% rise in revenue, totaling $1.516 billion for the period. These robust Q1 figures provide concrete performance data following the company's recent issuance of full-year EPS guidance between $17.45 and $18.00. The positive earnings reinforce a strong financial outlook for Hubbell, which is currently trading near its 52-week high, and could further bolster investor confidence.
At the time of this announcement, HUBB was trading at $558.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $28.9B. The 52-week trading range was $341.03 to $565.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.