Momentum: Holley and LifeMD Surge On Upbeat Earnings
- August 10th, 2023
- 634 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%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
DOT, DoW, DHS Join Forces to Protect Southern Border Airspace
October 16th, 2026FTC Sues Ticket Broker Over Unlawful Tactics Used to Buy Millions of Tickets to Popular Live Events
October 15th, 2026October 15th, 2026FDA Approves First Treatment for Certain People With BCG-Unresponsive Bladder Cancer
October 14th, 2026U.S. Treasury Announces Record Enforcement Actions Against Bank of America
October 14th, 2026




Member Login