Hill International Earnings: Here’s Why Shares are Up Now
Hill International, Inc. (NYSE:HIL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.96%.
Hill International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.02 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 24.31% to $148.46 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hill International, Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.05. It beat the average revenue estimate of $129.35 million.
Quoting Management: “We are very pleased that our strong revenue growth drove a return to profitability in the second quarter,” said Irvin E. Richter, Hill’s Chairman and Chief Executive Officer. “While this past quarter saw the best operational results in the company’s history, we believe the company will continue to strengthen in the second half of this year and heading into next year,” added Richter.
Key Stats (on next page)…