FUQI Int'l (FUQI) Reports Mixed Q1 Results; Guides Q2, Raises FY09 EPS Outlook
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FUQI International, Inc. (Nasdaq: FUQI) reports Q1 EPS of $0.45, 11 cents better than the analyst estimate of $0.34. Revenue for the quarter was $109.4 million, versus the consensus of $111.06 million.
Sees Q2 sales of $89.5-$93.5 million, versus the consensus of $95.74 million, with EPS of $0.27-$0.32, versus the consensus of $0.29.
Sees FY09 Sales of $442-$465 million. Raises its FY09 EPS guidance from $1.35-$14.1 to $1.49-$1.63. The Street is expecting FY09 sales and EPS of $469.44 million and $1.44, respectively.
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