Hollysys Automation (HOLI) Misses Q3 EPS by 13c, Revenues Miss
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Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2020
May 14, 2020 5:05 PM EDTFirst Nine months of Fiscal Year 2020 Financial Highlights
Non-GAAP net income attributable to Hollysys was $77.9 million, a decrease of 22.5% compared to the comparable prior year period. Total revenues were $374.1 million, a decrease of 9.5% compared to the comparable prior year period. Non-GAAP gross margin was at 35.6%, compared to 38.3% for the comparable prior year period. Non-GAAP diluted EPS was $1.28, a decrease of 22.0% compared to the comparable prior year period. Net cash provided by operating activities was $117.5 million for the current period.... More