How did HY's Q4 earnings surprise investors?

Hyster-Yale's (HY) Q4 earnings report exceeded investor expectations in terms of earnings per share (EPS) but fell slightly short in terms of revenue.

1. **EPS Surprise**: The company's adjusted EPS for Q4 2024 was $1.47, surpassing the forecasted $1.22 by 20.5%. This indicated a strong performance in terms of profitability, as the company earned more than anticipated.
2. **Revenue Performance**: However, the company's revenue for the quarter was reported at $1.07 billion, which was slightly below the forecasted $1.09 billion. This represented a 4% increase year-over-year. While the revenue fell short of expectations, it still reflected a healthy business activity and market demand for the company's products and services.

|code|Ticker|Name|Date|Estimate EPS|Estimate Revenue|EPS Surprise|market_code|
|---|---|---|---|---|---|---|---|
|HY|HY.N|Hyster-Yale|2024 Q1|2.14|1.03E9|0.79|169|
|HY|HY.N|Hyster-Yale|2024 Q2|2.11|1.08E9|1.47|169|
|HY|HY.N|Hyster-Yale|2024 Q3|1.97|1.04E9|-1|169|
|HY|HY.N|Hyster-Yale|2024 Q4|1.39|1.02E9|0.08|169|

Investors likely responded positively to the earnings beat, as evidenced by the company's stock price rising by 3.29% following the earnings release. The positive sentiment was further bolstered by Hyster-Yale's strategic initiatives and strong production rates, which suggested a promising outlook for the company. Despite the slight revenue shortfall, the overall tone of the earnings report was positive, leading to increased investor confidence.