HC2 Holdings, Inc. (NYSE:HCHC) communication services provider, is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.35 per share.
Looking ahead, the full year loss are expected at $ 2.16 per share on the revenues of $ 1621.30 million.
Previous Quarter Performance
HC2 Holdings, Inc. unwinded income for the second quarter of $ 0.26 per share, from the revenue of $ 377.00 million. The quarterly earnings increased 116.67 percent while revenues down 23.09 percent compared with the same quarter last year.
Street analysts expected HC2 Holdings, Inc. to report loss of $ 0.39 per share on revenue of $ 419.90 million for the second quarter. The bottom line results beat street analysts by $ 0.65 or 166.67 percent, at the same time, top line results fell short of analysts by $ 42.9 million or 10.22 percent.
Stock Performance
On Friday, shares of HC2 Holdings, Inc. has traded high as $ 2.34 and has cracked $ 2.24 on the downward trend, reaching $ 2.31 with volume of 81.80 thousand shares.
According to the previous trading day, closing price of $ 2.31, representing a 75.97 % increase from the 52 week low of $ 1.29 and a 47.58 % decrease over the 52 week high of $ 4.33.
The company has a market capital of $ 109.21 million and is part of the Communication Services sector and Telecom Services industry.
Conference Call
HC2 Holdings, Inc. will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hc2.com
HC2 Holdings, Inc. provides construction, marine services, energy, telecommunications, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.
