Momentum: Holley and LifeMD Surge On Upbeat Earnings
- August 10th, 2023
- 291 views
Holley Inc. (NYSE: HLLY), a leading manufacturer of high-performance automotive components, reported second-quarter 2023 earnings of $0.14 per share, surpassing the consensus EPS estimate of $0.06. The company's quarterly sales reached $175.26 million, slightly exceeding the analysts' projected revenue of $172.61 million.
In a positive move, Holley raised its full-year 2023 revenue guidance to a range of $635 million to $675 million, up from the prior range of $625 million to $675 million.
$HLLY is currently trading at $7.65, experiencing a notable increase of $1.44 (+23.19%).
Shifting focus, LifeMD, Inc. (Nasdaq: LFMD), a telehealth company specializing in virtual medical care, reported earnings of $0.05 per share for Q2 2023, beating the consensus estimate loss of $(0.10). The company's quarterly sales stood at $35.95 million, slightly surpassing the analysts' expected revenue of $35.16 million.
Looking ahead, LifeMD anticipates third-quarter 2023 revenue to be in the range of $37.5 million to $38.5 million, contrasting with the consensus estimate of $37.31 million for the period.
$LFMD is trading at $4.49, up $0.83 (+22.81%)
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