Investing.com - Hyliion Holdings reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hyliion Holdings announced earnings per share of $-0.36 on revenue of $499K. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $756.25K.
Hyliion Holdings shares are down 48.09% from the beginning of the year, still down 70.91% from its 52 week high of $9.11 set on November 9, 2021.
Hyliion Holdings follows other major Industrials sector earnings this month
Hyliion Holdings's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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