Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

AsiaInfo-Linkage Q1 Earnings Fall Yet Top Estimate

AsiaInfo-Linkage, Inc. (ASIA: Quote) 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.

Click here to receive FREE breaking news email alerts for AsiaInfo-Linkage Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Here is a quick summary of the earnings reported after the bell on Nov 19. Keurig Green Mountain, Inc. (GMCR) reported net income for the fourth quarter of $141.1 million or $0.86 per share, compared to $127.0 million or $0.83 per share for the year-ago quarter. Excluding items, adjusted net... Women's apparel retailer L Brands, Inc. said Wednesday that its third quarter profit rose 43% from last year, as sales increased 7%. The company's quarterly earnings per share also came in above analysts' expectations. At the same time, the company forecasts fourth quarter earnings below analysts' current consensus estimate, but once again raised its full year earnings outlook.
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.