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Hollysys Automation: Fiscal 4Q Earnings Snapshot

Hollysys Automation: Fiscal 4Q Earnings Snapshot

BEIJING (AP) _ Hollysys Automation Technologies Ltd. (HOLI) on Tuesday reported fiscal fourth-quarter net income of $27.7 million.

The Beijing-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs, came to 46 cents per share.

The maker of industrial, rail and subway automation systems posted revenue of $147.2 million in the period.

For the year, the company reported profit of $107.2 million, or $1.75 per share. Revenue was reported as $540.8 million.

Hollysys Automation shares have increased roughly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.35, an increase of 23 percent in the last 12 months.

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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 HOLI at https://www.zacks.com/ap/HOLI