Hubbell Posts Q4 EPS Beat on Shy Revenues

Hubbell Inc reported pre-market Tuesday financial results for Q4, with better-than-expected earnings and revenues that fell short of analysts’ forecasts; it also provided earnings guidance for fiscal 2017 in line with Street estimates.

The company, which designs, manufactures and sells electrical and electronic products, posted Q4 adjusted earnings of $1.35 per share, compared with the prior-year period’s $1.31 per share. Analysts polled by Capital IQ were expecting EPS of $1.22.

Revenue was $854 million, up 3% from $830 million in the same quarter last year. The Street view was for revenue of $855.5 million. The company expects fiscal 2017 EPS of $5.60 – $5.80. The Street view is for EPS of $5.63.

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