China Armco Metals Inc. (CNAM)

[viking86]

Q4 and Year 2010 earnings: Ouch!!

Fourth Quarter 2010 Results

Q4 2010 Q4 2009 CHANGE
Sales $24.5 million $31.7 million -23%
Gross Profit $0.8 million $3.2 million -76%
Net Income ($1.6) million $3.1 million N/A
EPS (Fully Diluted) (Loss) ($0.11) $0.31 N/A

Full Year 2010 Results
FY 2010 FY 2009 CHANGE
Sales $68.8 million $86.9 million -21%
Gross Profit $2.5 million $8.9 million -72%
Net Income (Loss) ($2.2) million $5.1 million -137%
EPS (Fully Diluted) (Loss) ($0.16) $0.51 N/A http://finance.yahoo.com/news/China-Armco-Metals-Announces-pz-2864477046.html?x=0&.v=1