Hubbell shares fall after downbeat Q3 results

Hubbell

31/10/2023 13:36

** Shares of utility and electrical solutions manufacturer
Hubbell  HUBB.N  fall 7.4% to $261.7
    ** Hubbell reports Q3 sales of $1.38 bln and adj EPS of
$3.95, missing estimates  
    ** Results fall short of analysts' expectation of Q3 sales
of $1.39 bln and adj EPS of $4.05 - LSEG data 
    ** Co forecasts FY adj. EPS in the range of $15.00-$15.25 vs
analysts' estimates of $15.27 per share
    ** Shares up 20.7% YTD

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))