Sun Hydraulics (SNHY) Tops Q3 EPS by 2c; Issues Light Q4 Outlook
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Sun Hydraulics Reports 2015 Third Quarter Results
November 2, 2015 5:00 PM ESTSARASOTA, FL -- (Marketwired) -- 11/02/15 -- Sun Hydraulics Corporation (NASDAQ: SNHY) today reported financial results for the third quarter of 2015 as follows:
September 26, September 27, Increase/ 2015 2014 (Decrease) Three Months Ended Net sales $ 48.0 $ 55.0 (13)% Net income $ 8.4 $ 9.9 (15)% Net income per share: Basic $ 0.32 $ 0.37 (14)% Diluted $ 0.32 $ 0.37 (14)% Nine Months Ended Net sales $ 156.4 $ 172.9 (10)% Net income $ 28.0 $ 33.4 (16)% Net income per share: Basic $ 1.05 $ 1.27 (17)% Diluted $ 1.05 $ 1.27 (17)%
"Third quarter sales were weaker than expected," stated Allen Carlson, President and CEO. "Demand is down in all geographic markets, and the depreciation of global currencies relative to the U.S. dollar continue to influence performance. Third... More
