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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT