(RTTNews) - The third-quarter earnings season is just about over and following are a few companies which provided outlook during the week ended November 13.
Home Inns & Hotels Management - On the rebound
Home Inns & Hotels Management Inc. (HMIN:
News ), whose third-quarter net income nearly tripled from last year helped by 38% revenue growth Monday, revised up its revenue growth guidance for 2009, reflecting the impact from the continued improvement in economic and operating environment in China.
Looking ahead to the fourth-quarter, Home Inns expects its total revenues to be in a range of RMB 675 million (US$ 98.9 million) to RMB 695 million (US$ 101.8 million).
For the full year of 2009, the Shanghai-based economy hotel operator now expects its total revenues to grow between 37%-39% over 2008, an increase from its prior guidance growth of 33%-35%. In 2008, the company reported total revenues of RMB 1.87 billion (US$274 million).
According to the company, RevPAR levels (revenue per available room) have risen above last year's benchmarks for the first time in 2009, and margins have also improved despite adjustments for pre-opening costs. The company believes that a re-acceleration of its expansion plans at a growth rate that ensures success and profitability is a sensible and effective strategy towards the end of the year and into 2010.
HMIN gained 10% in the past five days to close Friday's trading at $35.44.
Silvercorp Metals Inc. - Not tarnished
Silvercorp Metals Inc. (SVM), which reported 83% higher earnings and nearly 25% higher sales in its second-quarter Monday, also backed its annual production forecast for fiscal 2010, ending March 31, 2010.
During the quarter, the Canadian silver producer experienced improvement in cash cost per ounce of silver and higher realized by-products prices.
The company reaffirmed its production forecast of 410,000 tonnes for fiscal 2010. By focusing on mine development at the TLP, LM and HPG mines, where development activities were partially resumed in May 2009, the company expects an additional 0.2 million to 0.5 million ounces of silver to be produced from these mines for the remainder of the year, bringing consolidated silver production for the entire fiscal year to 4.7 million to 5.0 million ounces.
SVM gained 2% in the past five days to close Friday's trading at $6.05. The stock set a new 52-week high of $6.20 during the week.
DigitalGlobe Inc. - Clear visibility
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