News

Helios Technologies Faces Challenges with Disappointing Earnings

1 Mins read

Shares of Helios Technologies, a provider of motion-control and electronic-controls technology, took a hit as the company reported underwhelming quarterly earnings and revised its full-year outlook. The stock fell to a new 52-week low of $48.03 before rebounding slightly to $52.66, down almost 16%.

Disappointing Earnings and Lowered Guidance

In the second quarter, Helios reported adjusted earnings of 81 cents per share, falling short of the average expectation of 84 cents per share from analysts polled by FactSet. Although the company exceeded Wall Street’s revenue estimate, with $227.6 million versus $222.1 million, it lowered its full-year revenue and profit guidance.

Revised Expectations

Helios now anticipates adjusted earnings for the year to be in the range of $3.04 to $3.12 per share, a decrease from the previous forecast of $3.95 to $4.10 per share. Similarly, revenue is expected to range between $880 million and $900 million, compared to the earlier guidance of $910 million to $940 million.

Factors Contributing to the Revised Guidance

The company attributed the lowered guidance to operational disruptions caused by an acceleration of investments in manufacturing and capacity, aimed at meeting increasing demand. Additionally, lackluster economic conditions in the Asia-Pacific region have significantly impacted visibility for the remainder of the year.

It is clear that Helios Technologies is facing challenges, but with strategic adjustments and a focus on adapting to current market conditions, the company can work towards a more positive trajectory.

Related posts
News

IMF commends Sri Lanka's new govt for reform continuation

1 Mins read
COLOMBO, Apr 25: The International Monetary Fund (IMF) on Friday commended the Sri Lankan government, led by President Anura Kumara Dissanayake, for…
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.Trending NowBest Forex Trading Robots To Invest In 2022 Q1…

Leave a Reply

Your email address will not be published. Required fields are marked *

97 − 89 =