China Finance Online (JRJC) Stock Continues to Soar on Guidance
China Finance Online (Nasdaq: JRJC - News), a leading Chinese online financial information, data and analytics provider, today updated its revenue guidance for the third quarter ended September 30, 2007.
Due to stronger than expected growth in its core subscription services provided to retail customers, the Company now raises its projected net revenues for third quarter 2007 to be between US$7.1 million and US$7.5 million, compared to the previous guidance of US$6.7 million to US$7.1 million.
In an effort to help investors better understand its financial visibility, starting from third quarter 2007 the Company will initiate guidance on its projected adjusted earnings, a non-GAAP measure that represents net income excluding share-based compensation expenses. The Company has experienced multiple back-to-back quarters of record deferred revenue and cash inflows from its core subscription business, and the Company now expects adjusted earnings in third quarter 2007 to be in the range of US$2.6 million to US$3.0 million.
In fourth quarter 2007 the Company will continue to focus on growing its registered user accounts and fee-based subscribers and furthering enhancements in its telemarketing, technology, and product development capabilities. Backed by record deferred revenue on the balance sheet and continuous improvement in execution capabilities, the Company now expects net revenues and adjusted earnings in the fiscal year of 2008, excluding potential acquisitions, to be US$45 million to US$51 million, and US$19 million to US$23 million, respectively. This guidance reflects the Company's preliminary view based on current plans, estimates and projections. A number of important factors including, but not limited to, fluctuation in the Chinese stock market could cause the actual results to differ materially from those contained in such guidance.
Due to stronger than expected growth in its core subscription services provided to retail customers, the Company now raises its projected net revenues for third quarter 2007 to be between US$7.1 million and US$7.5 million, compared to the previous guidance of US$6.7 million to US$7.1 million.
In an effort to help investors better understand its financial visibility, starting from third quarter 2007 the Company will initiate guidance on its projected adjusted earnings, a non-GAAP measure that represents net income excluding share-based compensation expenses. The Company has experienced multiple back-to-back quarters of record deferred revenue and cash inflows from its core subscription business, and the Company now expects adjusted earnings in third quarter 2007 to be in the range of US$2.6 million to US$3.0 million.
In fourth quarter 2007 the Company will continue to focus on growing its registered user accounts and fee-based subscribers and furthering enhancements in its telemarketing, technology, and product development capabilities. Backed by record deferred revenue on the balance sheet and continuous improvement in execution capabilities, the Company now expects net revenues and adjusted earnings in the fiscal year of 2008, excluding potential acquisitions, to be US$45 million to US$51 million, and US$19 million to US$23 million, respectively. This guidance reflects the Company's preliminary view based on current plans, estimates and projections. A number of important factors including, but not limited to, fluctuation in the Chinese stock market could cause the actual results to differ materially from those contained in such guidance.
Labels: China Finance Online, JRJC
posted by Stock Administrator @ 12:54 PM
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