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
Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle". U.S. food maker Kraft Heinz Co. (KHC) Friday confirmed that it has made a comprehensive proposal to Anglo-Dutch consumer goods company Unilever Plc or Unilever NV. The cash and stock offer values $143 billion. Further, Kraft Heinz noted that Unilever has declined the proposal, however it go ahead...
comments powered by Disqus
Follow RTT