DALLAS, Aug. 23, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Hollysys Automation Technologies Ltd. (Nasdaq:HOLI). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/HOLI
Hollysys Automation Technologies (HOLI) is a provider of automation and control technologies and applications in China. It has approximately 3,500 employees with nationwide presence in more than 40 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves more than 2000 customers in the industrial, railway, subway and nuclear industries in China, Southeast Asia, and the Middle East.
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In the report, the analyst notes:
"The Company recently announced its unaudited financial results for its fiscal fourth quarter, posting earnings that were in-line with analyst expectations."
"For the three months ended June 30, 2011, total revenues increased by 27.5% to $71.9 million, from $56.4 million in the prior fiscal year period. Of the total revenues, revenue from integrated contracts increased by 27.5% to $67.6 million, as compared to $53.0 million for the same period of the prior year. …. Looking forward, the Company expects adjusted earnings in the current fiscal year to be $57 million to $58 million, with earnings at or above $1. Revenue is expected to be $354 million to $356 million."
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