Hollysys Automation (NASDAQ: HOLI) reported Q3 EPS of $0.22, $0.09 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $91.3 million versus the consensus estimate of $99.35 million.

GUIDANCE:

Hollysys Automation sees FY2017 revenue of $480-520 million, versus the consensus of $489.3 million.

Third Quarter of Fiscal Year 2017 Financial Highlights

• Non-GAAP net income attributable to Hollysys was $13.7 million, a decrease of 40.7% compared to the comparable prior year period.
• Total revenues were $91.3 million, a decrease of 23.1% compared to the comparable prior year period.
• Non-GAAP gross margin was at 30.7%, compared to 31.7% for the comparable prior year period.
• Non-GAAP diluted EPS were at $0.22, a decrease of 42.1% compared to the comparable prior year period.
• Net cash used in operating activities was $12.5 million for the current quarter.
• DSO of 219 days, compared to 181 days for the comparable prior year period.
• Inventory turnover days of 61 days, compared to 40 days for the comparable prior year period.

For earnings history and earnings-related data on Hollysys Automation (HOLI) click here.