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Stock impact report

Q2 Earnings Highlights: Snap-on (NYSE:SNA) Vs The Rest Of The Professional Tools and Equipment Stocks [Yahoo! Finance]

Hyster-Yale, Inc. Class A common stock (HY) 
Last hyster-yale, inc. class a common stock earnings: 7/31 05:08 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand. Some professional tools and equipment companies also provide software to accompany measurement or automated machinery, adding a stream of recurring revenues to their businesses. On the other hand, professional tools and equipment companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 10 professional tools and equipment stocks we track reported a decent Q2. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 0.9% below. Stocks, especially growth stocks with cash flows further into the future, had a good end of 2023. On the other hand, this year has seen more volatile stock market swings due to mixed inflation data, and while some professional tools and equipm Show less Read more
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