Hollysys Automation (HOLI) Misses Q3 EPS by 13c, Revenues Beat
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Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
May 13, 2021 5:00 PM EDTFirst Nine months of Fiscal Year 2021 Financial Highlights
Total revenues were $434.7 million, an increase of 16.2% compared to the comparable prior year period. Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period. Non-GAAP net income attributable to Hollysys was $71.7 million, a decrease of 7.9% compared to the comparable prior year period. Non-GAAP diluted EPS was $1.18, a decrease of 7.8% compared to the comparable prior year period. Net cash provided by operating activities was $48.6 million for the current period.... More