SARASOTA, Fla. (AP) _ Helios Technologies, Inc. (HLIO) on Monday reported first-quarter net income of $22.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Sarasota, Florida-based company said it had net income of 70 cents. Earnings, adjusted for one-time gains and costs, were 99 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $204.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $173.1 million.

Helios Technologies expects full-year earnings in the range of $3.30 to $3.50 per share, with revenue in the range of $740 million to $750 million.

Helios Technologies shares have increased 41% since the beginning of the year. In the final minutes of trading on Monday, shares hit $74.91, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLIO at https://www.zacks.com/ap/HLIO

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