China Finance Online (JRJC) Raises 3Q Guidance
Chinese market information provider China Finance Online Co. on Tuesday raised its guidance for the quarter ended Sept. 30 due to stronger-than-expected growth in subscription services provided to retail clients.
The Beijing-based company now expects third-quarter revenue between $7.1 million and $7.5 million, compared to previous guidance of $6.7 million to $7.1 million.
China Finance Online also expects adjusted third-quarter earnings to be in the range of $2.6 million to $3 million.
The company also issued guidance for fiscal 2008, estimating adjusted earnings of $19 million to $23 million on sales of between $45 million and $51 million, excluding any potential acquisitions.
The Beijing-based company now expects third-quarter revenue between $7.1 million and $7.5 million, compared to previous guidance of $6.7 million to $7.1 million.
China Finance Online also expects adjusted third-quarter earnings to be in the range of $2.6 million to $3 million.
The company also issued guidance for fiscal 2008, estimating adjusted earnings of $19 million to $23 million on sales of between $45 million and $51 million, excluding any potential acquisitions.
Labels: China Finance Online, JRJC
posted by Stock Administrator @ 2:27 PM
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