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What: Shares of AsiaInfo-Linkage
So what: Third-quarter revenue added up to $117.2 million, which translated into non-GAAP earnings per share of $0.37. On average, analysts were expecting revenue of $117.1 million and $0.36 in earnings per share.
Now what: The telecommunications specialist expects fourth-quarter revenue in the range of $127 million to $131 million, while the market is forecasting roughly $129.4 million in sales to close out the year. AsiaInfo-Linkage CEO Steve Zhang said, "We are witnessing strong double digit growth in sales order bookings from our three main telecommunications customers." Investors were looking for more, as the stock is plummeting today and Roth Capital has also downgraded the stock from buy to neutral with a price target of $12.
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AsiaInfo-Linkage Agrees to Be Acquired for $890 Million
Shareholders of Chinese telecom software provider are offered $12 per share by consortium led by CITIC Capital Partners.
AsiaInfo-Linkage's Earnings Beat Last Year's by 50%
Just the facts, Fool.
AsiaInfo-Linkage's Upcoming Earnings: What You Need To Know