Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

SinoHub Slips To Loss In Q4

SinoHub Inc. (SIHI: Quote) reported that its fourth-quarter net loss attributable to shareholders was US$0.5 million, compared to net income of US$6.8 million in the fourth quarter of 2010.

Net loss per share was US$0.01, compared to net income of US$0.24 per share, in the fourth quarter of 2010.

Total net sales increased year-over-year to US$65.3 million in the fourth quarter of 2011 compared to US$58.5 million in the fourth quarter of 2010. The year-over-year increase was primarily attributable to record sales in the Company's ICM business segment during the fourth quarter of 2011.

The Company expects full-year 2012 revenue of approximately $200 million, compared to $196.2 million for the full-year 2011.

Click here to receive FREE breaking news email alerts for SINOHUB, INC. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.