Interviews
News Flash
LJ International raises guidance for Q4 & full year 2006
19 Feb '07
3 min read
LJ International Inc (LJI) raised its guidance for revenues, net income and earnings per share for its fourth quarter and full year ended December 31, 2006.
Revenues are now expected to total approximately $40 million for the fourth quarter and $123 million for the full year. Both figures would represent new records for the Company. Fourth quarter revenues are expected to be approximately 27% above the $31.6 million reported in the fourth quarter of 2005. Projected full year revenues are expected to be approximately 30% above the $94.6 million reported in all of 2005.
LJI expects net income for the fourth quarter ended December 31, 2006, to be approximately $3.0 million, exceeding the upper limit of the Company's earlier guidance by 43%. The projected fourth quarter 2006 net income is more than double the $1.4 million reported in the fourth quarter of 2005. For the full year, net income is expected to reach approximately $6 million, or approximately 76% above the $3.4 million reported in 2005.
Earnings per fully diluted share (EPS) also are expected to come in well over earlier guidance and sharply above year-ago levels. EPS is now projected to be approximately $0.16 for the fourth quarter and $0.34 for all of 2006.
This quarterly projection represents an increase of approximately 78% over the $0.09 reported in the fourth quarter of 2005. The full year projected EPS represents an approximate 33% increase above the $0.24 reported for all of2005. These projected increases reflect strong growth in net income offset by year-over-year increases in average shares outstanding.
Revenues are now expected to total approximately $40 million for the fourth quarter and $123 million for the full year. Both figures would represent new records for the Company. Fourth quarter revenues are expected to be approximately 27% above the $31.6 million reported in the fourth quarter of 2005. Projected full year revenues are expected to be approximately 30% above the $94.6 million reported in all of 2005.
LJI expects net income for the fourth quarter ended December 31, 2006, to be approximately $3.0 million, exceeding the upper limit of the Company's earlier guidance by 43%. The projected fourth quarter 2006 net income is more than double the $1.4 million reported in the fourth quarter of 2005. For the full year, net income is expected to reach approximately $6 million, or approximately 76% above the $3.4 million reported in 2005.
Earnings per fully diluted share (EPS) also are expected to come in well over earlier guidance and sharply above year-ago levels. EPS is now projected to be approximately $0.16 for the fourth quarter and $0.34 for all of 2006.
This quarterly projection represents an increase of approximately 78% over the $0.09 reported in the fourth quarter of 2005. The full year projected EPS represents an approximate 33% increase above the $0.24 reported for all of2005. These projected increases reflect strong growth in net income offset by year-over-year increases in average shares outstanding.
Popular News
Leave your Comments
Editor’s Pick
Ritesh Dodhia
Dodhia Synthetics Limited
Andreas Rass
ZIMMER AUSTRIA | Digital Printing Systems
Anita Dongre & Yash Dongre
House of Anita Dongre Limited
Sirinada Preechawitayakul
Brand - Senada
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
