Hollysys rises on upbeat FY revenue forecast

Hollysys Automation Technologies

06/07/2021 22:24

** U.S.-listed shares of Chinese industrial automation
equipment maker Hollysys Automation Technologies Ltd  HOLI.O 
rise 8.7% to $15.80 in aftermarket trading
    ** Co sees FY21 revenue of nearly $560 mln to $595 mln, an
11% to 18% growth year-over-year  urn:newsml:reuters.com:*:nPn9SSHx9a
    ** Analysts on average see revenue of $547.8 mln - Refinitiv
data
    ** HOLI says it expects its industrial automation business
to increase by more than 30% year-over-year 
    

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))