HollySys Automation Technologies, Ltd. (HOLI) posted third-quarter net income attributable to the company of $11.18 million or $0.20 per share versus $11.52 million or $0.21 per share in the same quarter last year. Non-GAAP net income attributable to Hollysys for the current quarter was $11.70 million or $0.21 per share.
Total net revenues decreased 8.7 percent year-over-year to $60.35 million from $66.13 million.
Going ahead, the company slashed its guidance for fiscal year 2013, with revenue now expected in a range of $335 million to $355 million, and non-GAAP net income currently expected to range between $57 million and $60 million.
The company had earlier expected non-GAAP net income of $63 million to $67 million, on revenues in a range of $385 million to $410 million.
Analysts polled by Thomson Reuters expect the company to earn $1.08 per share on revenues of $386.69 million for the year. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.