AutoNavi (AMAP) Tops Q4 EPS by 2c; Approves $50M Buyback; Guides FY13 Sales

February 27, 2013 6:35 AM EST
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AutoNavi Holdings Ltd. (NASDAQ: AMAP) reported Q4 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $43.6 million versus the consensus estimate of $39.46 million.

AutoNavi announced a share repurchase plan on February 28, 2012, pursuant to which the Company is authorized by its board of directors but not obligated to repurchase up to $50 million worth of its ADSs until February 26, 2013. As of February 26, 2013, the Company has repurchased a total of 2,536,647 ADSs, representing 10,146,588 ordinary shares, with a total consideration of approximately $29.2 million at a price range of $10.03 to $12.57 per ADS, including brokerage commissions.

Sees FY2013 revenue of $168-$176 million, versus the consensus of $174.4 million.

For earnings history and earnings-related data on AutoNavi Holdings Ltd. (AMAP) click here.

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