Hubbell: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 07:42 AM ET
Last Updated - May 27, 2024, 01:05 AM EDT
SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Hubbell Inc. (HUBB) on Tuesday reported first-quarter net income of $147.8 million.
The Shelton, Connecticut-based company said it had profit of $2.73 per share. Earnings, adjusted for one-time gains and costs, came to $3.60 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The electrical products manufacturer posted revenue of $1.4 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.39 billion.
