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Why Hubbell (HUBB) Stock Is Trading Lower Today

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What Happened?

Shares of electrical and electronic products company Hubbell (NYSE:HUBB) fell 3.2% in the afternoon session after the company reported mixed second-quarter financial results, where a miss on revenue overshadowed a strong earnings beat. The electrical products manufacturer posted revenue of $1.48 billion, which fell short of analysts' consensus estimates of $1.51 billion. This top-line miss appeared to concern investors more than the company's otherwise strong bottom-line performance. Hubbell reported adjusted earnings of $4.93 per share, significantly surpassing Wall Street expectations. Furthermore, the company raised its full-year earnings guidance to a range of $17.65 to $18.15 per share. Despite the positive earnings and improved outlook, the market's reaction suggested that the slowdown in sales growth weighed heavily on sentiment.

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What Is The Market Telling Us

Hubbell’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Hubbell is up 1.6% since the beginning of the year, but at $426.89 per share, it is still trading 9.6% below its 52-week high of $472.12 from November 2024. Investors who bought $1,000 worth of Hubbell’s shares 5 years ago would now be looking at an investment worth $3,187.

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