SinoHub, Inc. (SIHI) Posts Q2 EPS of $0.03, Lowers FY11 Revenue and Unit Guidance
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SinoHub, Inc. (NYSE: SIHI) reported Q2 EPS of $0.03, which may not compare to the analyst estimate of $0.14. Revenue for the quarter came in at $40.9 million versus the consensus estimate of $51.1 million.
The Company now expects to sell approximately 2.5 million mobile phones in 2011, down from its previous estimate of 3 million, and it expects full-year 2011 revenue of approximately $195 million, down from its previous guidance of $225 million.
The Company now expects to sell approximately 2.5 million mobile phones in 2011, down from its previous estimate of 3 million, and it expects full-year 2011 revenue of approximately $195 million, down from its previous guidance of $225 million.
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