ShengdaTech (SDTH) Tops Q1 EPS by 1c; Guides In-line for FY

May 11, 2009 12:27 PM EDT

ShengdaTech, Inc. (Nasdaq: SDTH) reports Q1 EPS of $0.08, 1 cent better than estimates. Revenue for the first quarter was $20.7 million vs. consensus of $21.02 million.

The Company expects 2009 revenue and net income to be in the range of $92.0 million to $94.0 million and $18.0 million to $19.0 million, respectively, for diluted earnings per share of $0.32 - $0.34. (Consensus is $92.76M and $0.33, respectively)

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