China Digital TV Q2 EPS Miss By a Penny as Revenue Beats, Revenue Outlook Mixed
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[August 06, 2008]

China Digital TV Q2 EPS Miss By a Penny as Revenue Beats, Revenue Outlook Mixed

(Midnight Trader Via Acquire Media NewsEdge) Boston, Aug 06, 2008 (MidnightTrader via COMTEX News Network) --

China Digital TV (STV) reports Q2 revenue of US$19.4 million, a 74.2% increase from the corresponding period in 2007 and topping the Thomson Financial mean analyst estimate for $18.8 million.

EPS were $0.18 vs $0.13 in the year-ago period and missing the Street view for $0.19.

China Digital TV expects its net revenue for the third quarter of 2008 to be in the range of US$15.5 million to US$16.5 million, representing year-over-year growth in the range of 8% to 15%. The Street looks for $21 million.

Based on updated mid-year projections, China Digital TV has narrowed its


expectation of full year 2008 net revenue to be in the range of US$80 million to US$83 million from the previous range of US$79 million to US$84 million, representing year-over-year growth in the range of 44% to 50%. The Street looks for $82 million.

Price: 10.74, Change: -1.51, Percent Change: -12.3



Copyright (C) 2008 MidnightTrader.com. All rights reserved.
Unauthorized reproduction is strictly prohibited.

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