SinoTech Energy Ltd (CTE) Tops Q3 EPS by 7c, Raises FY11 Sales Guidance

August 4, 2011 9:39 AM EDT
SinoTech Energy Ltd (NASDAQ: CTE) reported Q3 adjusted EPS of $0.23, $0.07 better than the analyst estimate of $0.16. Revenue for the quarter came in at $29.8 million versus the consensus estimate of $27.5 million.

SinoTech Energy Ltd sees FY2011 revenue of $108-$112 million, versus prior guidance of $100-$105 million and the consensus of $101.12 million.


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