Heritage Global edges up after forecasting Q2 profit above estimates

Heritage Global

11/07/2022 17:39

** Shares of asset services co Heritage Global Inc  HGBL.O 
up nearly 2% at $1.67
    ** Co expects Q2 net income in the range of $3 mln to $4
mln, up from Refinitiv IBES estimate of $1.87 mln  urn:newsml:reuters.com:*:nBw6TjmJZa 
    ** Profits in the quarter will be helped by the sale of some
real estate assets, HGBL says
    ** YTD, HGBL stock is down nearly 11%  

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))