Referenced Stocks

UPDATE: China Gerui Advanced Materials Slips 3%, But Above Day Lows After Q4, FY12 Guidance

By Midnight Trader,  April 17, 2012, 10:21:31 AM EDT

China Gerui Advanced Materials Group ( CHOP ) has trimmed its pre-market losses of more than 17% and is now down more than 3% to $3.05 but above a day low $2.87. The company earlier reported Q4 earnings of $0.31 per diluted share, compared with the Thomson Reuters consensus of $0.40. In the prior-year period, the company posted $0.23 EPS.

Revenues were $91.9 mln, up 39% from $66.1 mln in the same quarter last year. Analysts were expecting revenues of $105.84 mln.

The company sees FY12 EPS of $1.32 - $1.37, on revenues of $395 mln - $410 mln. The Street view is EPS of $1.56 on sales of $450 mln.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CHOP



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