Hubbell falls on quarterly sales miss

Hubbell

04/02/2025 14:45

** Shares of electrical equipment maker Hubbell  HUBB.N 
down 1.3% at $403.27 premarket
    ** Co reports Q4 net sales of $1.33 bln, below analysts'
average estimate of $1.41 bln, according to data compiled by
LSEG
    ** Expects FY total sales growth and organic sales growth of
4%-5% vs analysts' average estimate of 6.57% 
    ** Also expects 2025 adj. profit from continuing operations
in the range of $17.35 to $17.85 
    ** "While organic growth was below our expectations in
quarter, continued operational execution resulted in significant
margin expansion and we delivered earnings per share ahead of
our prior outlook range," says CEO Gerben Bakker
    ** Shares rose ~27.4% in 2024




 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))