Longtop Financial (LFT) Tops Q2 Views; Raises FY08 Outlook
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Longtop Financial Technologies Limited (NYSE: LFT) reports Q2 EPS of $0.31, 6 cents better than the analyst estimate of $0.25. Revenue for the quarter was $28.19 million, versus the consensus of $26 million.
Raises its FY08 sales guidance from about $93 million to about $98.5 million, versus the consensus of $93.10 million. Estimated EPS for the year move from $0.87 to about $0.94, versus the Street estimate of $0.87.
Longtop Financial Technologies Limited, together with its subsidiaries, develops software and provides information technology (IT) services to financial services industry in the People's Republic of China.
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