Investing.com - Helios Tech reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Helios Tech announced earnings per share of $0.90 on revenue of $207.21M. Analysts polled by Investing.com anticipated EPS of $0.98 on revenue of $219.49M.
Helios Tech shares are down 28% from the beginning of the year , still down 56.39% from its 52 week high of $114.89 set on Friday, November 19, 2021.
Helios Tech shares lost 11.95% in intra-day trade the report.
Helios Tech follows other major Industrials sector earnings this month
Helios Tech's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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