09:15 AM EDT, 04/30/2024 (MT Newswires) -- Hubbell (HUBB) reported Q1 adjusted earnings Tuesday of $3.60 per diluted share, down from $3.61 a year earlier.

Analysts polled by Capital IQ expected $3.55.

Net sales for the quarter ended March 31 were $1.40 billion, up from $1.29 billion a year earlier. Analysts surveyed by Capital IQ expected $1.38 billion.

The company said it continues to expect fiscal 2024 adjusted earnings of $16 to $16.50 per diluted share. Analysts polled by Capital IQ expect $16.42.

Total sales are still expected to grow by 8% to 10%, Hubbell said.

The company's shares were down more than 1.5% in recent Tuesday premarket activity.

Price: 401.00, Change: -6.19, Percent Change: -1.52