HELIOS TECHNOLOGIES, INC. (HLIO) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $7.3 million, or $0.22 per share. This compares with $9.2 million, or $0.28 per share, last year.
Excluding items, HELIOS TECHNOLOGIES, INC. reported adjusted earnings of $14.8 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.36 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.8% to $195.5 million from $212.0 million last year.
HELIOS TECHNOLOGIES, INC. earnings at a glance (GAAP) :
-Earnings: $7.3 Mln. vs. $9.2 Mln. last year.
-EPS: $0.22 vs. $0.28 last year.
-Revenue: $195.5 Mln vs. $212.0 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.46 to $0.54
Next quarter revenue guidance: $198 to $206 Mln
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