Hollysys Automation Tech Q3 Adj EPS $0.07 Down From $0.20 YoY, Sales $173.47M Up From $167.64M YoY
Portfolio Pulse from Benzinga Newsdesk
Hollysys Automation Tech (NASDAQ:HOLI) reported Q3 adjusted earnings per share (EPS) of $0.07, a 65% decrease from $0.20 YoY. Sales increased by 3.48% to $173.47 million from $167.64 million YoY.
May 16, 2024 | 9:04 pm
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Hollysys Automation Tech reported a significant drop in Q3 adjusted EPS by 65% YoY to $0.07, despite a 3.48% increase in sales to $173.47 million.
The significant drop in adjusted EPS by 65% is likely to negatively impact investor sentiment, despite the modest increase in sales. This could lead to a short-term decline in HOLI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100