The Maxim Group estimates were for $56.4m in revenues and $7.9 Million in net income. CHOP beat estimates producing $57.2 million in revenues and $11.4 million in net income.
Fourth Quarter 2009 Highlights
— Revenue increased 45.3% to $57.2 million from $39.4 million in the
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CHOP will announce their Full Year 2009 earnings next week. The company’s product demand is a direct result of the increasing consumer demand (buying habits) in China. Chinese premier Wen Jiabao mapped out the country’s growth plan for the next five years at the annual National People’s Congress. Ian McGuinn, head of operations & research [...]
Read the rest of this entry »On the Q3 2009 conference call the company reiterated that overall gross margins will likely stay around 30% until new higher margin production capacity comes online in H2 2010. The Maxim Group has CHOP earning $0.84 for FY 2010 and $1.22 FY 2011, but have this Gross Margin also staying at 30%. I believe that [...]
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