AsiaInfo-LinkageInc. Earnings: Here’s Why Shares are Down Now

AsiaInfo-Linkage,Inc. (NASDAQ:ASIA) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.52%.

AsiaInfo-Linkage,Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-3.87 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 11.03% to $140.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AsiaInfo-Linkage,Inc. reported adjusted EPS loss of $3.87 per share. By that measure, the company missed the mean analyst estimate of $0.22. It beat the average revenue estimate of $136 million.

Quoting Management: “The second quarter was another solid performance for AsiaInfo-Linkage as China’s three telecommunications carriers continued to focus on monetization of their data traffic,” said Steve Zhang, the Company’s president and chief executive officer. “The growth in the number of mobile users and the increase in related data traffic continue to define much of our current project work. We are well positioned to help the carriers adapt as China’s telecommunications industry evolves.”

Key Stats (on next page)…

Revenue decreased 1.98% from $143.03 million in the previous quarter. EPS decreased to $-3.87 in the quarter versus EPS of $0.37 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.25 to a profit $0.23. For the current year, the average estimate has moved up from a profit of $1.14 to a profit of $1.16 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)