Hollysys Automation Tech Q2 EPS $0.23 Down From $0.80 YoY, Sales $223.72M Down From $244.73M YoY
Portfolio Pulse from Happy Mohamed
Hollysys Automation Technologies (HOLI) reported a significant decrease in both earnings per share (EPS) and sales for Q2. EPS fell by 71.25% to $0.23 from $0.80 YoY, while sales dropped by 8.58% to $223.72M from $244.73M YoY.
March 07, 2024 | 10:01 pm
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Hollysys Automation Technologies reported a significant decrease in Q2 earnings and sales, with EPS dropping by 71.25% and sales by 8.58% YoY.
The substantial decrease in both EPS and sales for Hollysys Automation Technologies is likely to negatively impact investor sentiment and the stock price in the short term. A 71.25% drop in EPS and an 8.58% decrease in sales indicate significant operational challenges or market conditions that could worry investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100