logo
Share SHARE
FONT-SIZE Plus   Neg

AsiaInfo-Linkage Q1 Earnings Fall Yet Top Estimate

AsiaInfo-Linkage, Inc. (ASIA) reported net income for the first quarter of US$6.4 million or US$0.09 per share, compared to US$17.8 million or US$0.24 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was US$19.4 million or US$0.27 per share, compared to US$32.7 million or US$0.44 per share in the prior year quarter.

Total revenues for the first quarter rose 8.1% to US$123.7 million from US$114.5 million a year earlier. Adjusted net revenue for the first quarter increased 11.6% to US$121.2 million.

Analysts polled by Thomson Reuters expected the company to earn US$0.26 per share on revenue of US$119.64 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, AsiaInfo-Linkage forecast adjusted net revenue of US$123.0 million to US$125.0 million and adjusted earnings of US$0.26 to US$0.29 per share. Analysts currently expect the company to earn US$0.28 per share on revenue of US$124.04 million for the second quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Jeff Bezos, the CEO of Amazon, has overtaken Berkshire Hathaway's founder Warren Buffet to become the third-richest person in the world, according to the Bloomberg Billionaires Index. Bezos is now behind clothing retailer Zara's founder Amancio Ortega, who is now second, and Bill Gates, co-founder... The White House has announced new initiative to fight climate change, curb usage of fossil fuels and increase access to clean energy by pushing the use of electric vehicles. The Obama administration announced a series of actions from the Federal government, private sector, and states, as well as... Telecom giant Verizon Communications Inc. is reportedly very close to a deal to buy the core business of struggling internet company Yahoo Inc. Verizon has trumped out rival bidders and is close to acquire Yahoo's core internet business, reported Bloomberg News, citing people familiar with the matter. Verizon...
comments powered by Disqus
Follow RTT