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Helios Technologies: Q3 Earnings Snapshot
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SARASOTA, Fla. (AP) — SARASOTA, Fla. (AP) — Helios Technologies, Inc. (HLIO) on Thursday reported third-quarter profit of $17.6 million.

On a per-share basis, the Sarasota, Florida-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, came to 80 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $229.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $219.8 million.

For the current quarter ending in December, Helios Technologies said it expects revenue in the range of $205 million to $212 million.

The company expects full-year revenue in the range of $895 million to $902 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLIO at https://www.zacks.com/ap/HLIO

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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