HELIOS TECHNOLOGIES, INC. (HLIO) revealed earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $4.8 million, or $0.14 per share. This compares with $3.3 million, or $0.10 per share, last year.
Excluding items, HELIOS TECHNOLOGIES, INC. reported adjusted earnings of $10.9 million or $0.33 per share for the period.
Analysts on average had expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.2% to $179.5 million from $193.4 million last year.
HELIOS TECHNOLOGIES, INC. earnings at a glance (GAAP) :
-Earnings: $4.8 Mln. vs. $3.3 Mln. last year.
-EPS: $0.14 vs. $0.10 last year.
-Revenue: $179.5 Mln vs. $193.4 Mln last year.
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