Revenue Update on Hollysys Automation Technologies Ltd(NASDAQ:HOLI)

Hollysys Automation Technologies Ltd(NASDAQ:HOLI) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $99.137M. Analysts estimated a revenue of $122.190M. The revenues were -18.87% below the estimates. Earnings per share were $0.18. The reported EPS was below estimates by -67.86%. Analysts had estimated an EPS of $0.56.

Hollysys Automation Technologies Ltd (HOLI) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -0.52% at a volume of 1,84,827. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.58. The peak price level was also seen at $17.58 while the days lowest was $17.2. Finally the shares closed at $17.24. The 52-week high of the shares is $23.545 while the 52-week low is $15.69. According to the latest information available, the market cap of the company is $1,039 M.

Hollysys Automation Technologies Ltd. formerly HLS Systems International Ltd. is a provider of automation and control technologies and products. The Company’s business segments are industrial automation rail transportation mechanical and electrical solutions and miscellaneous. The Company’s technologies are applied through its industrial automation solution suite including the Distributed Control System (DCS) Programmable Logic Controller (PLC) Real-time Management Information System (RMIS) HolliAS Asset Management System (HAMS) Operator Training System (OTS) HolliAS BATCH (Batch Application Package) HolliAS Advanced Process Control Package (APC Suite) Safety Instrumentation System (SIS) high-speed railway signaling system of Train Control Center (TCC) Automatic Train Protection (ATP) Subway Supervisory and Control platform nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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