Sun Hydraulics (SNHY) Reports Q2 EPS of $0.54, Beats by 4c; Guides Q3 Below the Street
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Sun Hydraulics Corporation (NASDAQ: SNHY) reports Q2 EPS of $0.54, 4 cents better than the analyst estimate of $0.50. Revenues for the quarter were $51.6 million, versus the consensus of $51.36 million.
Sees Q3 sales of about $45 million, versus the consensus of $47.93 million and EPS in the range of $0.35-$0.37, versus the Street estimate of $0.42.
Sun Hydraulics Corporation, together with its subsidiaries, designs, manufactures, and sells screw-in hydraulic cartridge valves and manifolds, which control force, speed, and motion as integral components in fluid power systems in the United States and internationally.
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