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
Sanofi (SNYNF, SNY) reported that its fourth-quarter net income attributable to equity holders decreased to 334 million euros from 1.34 billion euros, last year. Earnings per share was 0.26 euros compared to 1.02 euros. Earnings per share excluding the held for exchange Animal Health Business was 0.41... Tour operator TUI Group reported narrower EBITA loss in its first quarter with increased turnover, driven by strong performances in Northern Region and Cruises. Further, the company said its current trading for Winter 2015/2016 and Summer 2016 remains in line with its expectations. Looking ahead, TUI reiterated its outlook to deliver underlying EBITA growth of at least 10 percent in fiscal 2016. Yelp Inc. (YELP) on Monday posted a loss for the fourth quarter compared to a profit last year, as higher revenues were offset by increase in operating costs. Yelp said its Chief Financial Officer Rob Krolik was leaving the company. Yelp reported fourth-quarter loss of $22.2 million or $0.29 per share,...
comments powered by Disqus
Follow RTT