China Digital TV Holding Co., Ltd. (STV) posted third quarter net income attributable to the company of US$4.9 million or US$0.08 per share, compared to US$8.2 million or US$0.14 per share in the corresponding period last year. Non-GAAP net income attributable to China Digital TV was US$5.5 million, compared to US$8.5 million in last year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share. Analysts' estimates typically exclude special items.
Net revenues were US$12.1 million, compared to US$16.8 million in the previous year quarter. Four Wall Street analysts expected revenues of $12.62 million.
The company said the quarter-over-quarter decrease in revenues was largely due to decreases in both smart card sales and revenues from services.
Looking forward, for the fourth quarter, the company expects revenues in the range of US$12.5 million to US$13.6 million. Wall Street analysts expect revenues of $12.62 million.
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