01:49 PM EDT, 05/08/2024 (MT Newswires) -- Hyster-Yale Materials Handling ( HY ) shares surged more than 23% in recent Wednesday trading, a day after the company reported better-than-expected Q1 results.

Late Tuesday, the company reported Q1 earnings of $2.93 per diluted share, up from $1.55 a year earlier.

Analysts polled by Capital IQ expected $2.14.

Revenue for the quarter ended March 31 grew to $1.06 billion from $999.3 million. Analysts surveyed by Capital IQ expected $1.03 billion.

Price: 72.81, Change: +13.79, Percent Change: +23.36