China Finance Online Revenues Up 24% Quarter-Over-Quarter Fri, May 30, 2008 internet
China Finance Online Co. Limited (Nasdaq: JRJC), a Chinese online financial information and listed company data provider, today announced its financial results for the first quarter ended March 31, 2008.
Through its websites, http://www.jrj.com and http://www.stockstar.com, the company provides individual users with subscription-based service packages delivered through the Internet or through mobile handsets. It also provides financial information database and analytics to institutional customers including domestic securities and investment firms.
During the first quarter of 2008, China Finance Online reported net revenues of $11.06 million, exceeding the high end of the Company's previously updated guidance of $10.50 to $10.80 million. This compared to $4.0 million for the same period in 2007, and $8.88 million for the fourth quarter of 2007, up 177% year-over-year and 24% quarter-over-quarter. The increase is primarily due to the growth in subscription service fees from individual customers.
Revenues from subscription service fees paid by individual customers were $9.62 million in the first quarter of 2008, representing 87% of net revenues for the quarter. Net income was $3.51 million, compared to net income of $775,000 for the first quarter of 2007 and net loss of $8.37 million for the fourth quarter of 2007. http://www.redlinechina.com/main/?q=node/875
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Medical Action Industries Drops To Lowest Level In Almost Two Years On Earnings News Shares of Medical Action Industries Inc. (MDCI: News, Chart, Quote ) gapped open lower on Friday and are continuing to fall on strong volume following quarterly results that failed to meet expectations.
The stock is currently at $14.00 down $2.95 from Thursday's close.
Tiffany reports 19 pct rise in 1st-quarter profit By ANNE D'INNOCENZIO AP Business Writer Article Launched: 05/30/2008 04:36:23 AM PDT
NEW YORK—Tiffany & Co. reported Friday that strong growth in the Asia-Pacific and European markets helped first-quarter profits rise 19 percent and said that it doesn't expect an improvement in the U.S. until later this year.
The jewelry retailer also raised its profit outlook for the year, based on a promising start, and said that it will open a smaller-store format in the U.S. as part of its worldwide expansion plans.
Tiffany said profits totaled $64.4 million, or 50 cents per share, in the three-month period ended April 30. That compared with $54.08 million, or 39 cents per share, in the year-ago period.
The company's sales rose 12 percent to $668.15 million from $595.7 million in the year-ago period.
The results beat estimates of analysts polled by Thomson Financial who had expected earnings of 40 cents per share on sales of $649 million.
Shares rose 2.7 percent, or $1.29, to $49.03.
"We are pleased to start the year with sales and earnings growth above our expectations," said Michael J. Kowalski, chairman and CEO, in a statement. He added that the strong gain in worldwide sales, despite only a modest growth in the U.S. due to a challenging economy, reflects "the benefit of globally diversified distribution." http://www.mercurynews.com/ci_9425712
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