Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2020

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Go back to Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2020

Hollysys Automation (HOLI) Misses Q3 EPS by 13c, Revenues Miss

May 14, 2020 5:07 PM EDT

Hollysys Automation (NASDAQ: HOLI) reported Q3 EPS of $0.23, $0.13 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $80.8 million versus the consensus estimate of $115.42 million.

Third Quarter of Fiscal Year 2020 Financial HighlightsNon-GAAP net income attributable to Hollysys was $13.9 million, a decrease of 50.4% compared to the comparable prior year period.Total revenues were $80.8 million, a decrease of 35.5% compared to the comparable prior year period.Non-GAAP gross margin was at 30.8%, compared to 39.6% for the comparable prior year period.Non-GAAP diluted EPS were at $0.23, a decrease of... More