Shares of Helios Technologies, Inc. (HLIO) plummeted 9.82% in pre-market trading on Tuesday, following the release of the company's fourth-quarter 2024 financial results, which fell short of analysts' expectations.
Helios Technologies reported adjusted earnings per share (EPS) of $0.33 for the quarter ended December 31, 2024, missing the consensus estimate of $0.34 per share. The company's EPS figure was also lower than the same quarter last year when it reported EPS of $0.38.
Revenue for the quarter declined 7.2% year-over-year to $179.50 million, although it slightly exceeded analysts' expectations of $176.10 million. The company reported a quarterly net income of $4.8 million.
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