China Kanghui Holdings (KH) Tops Q3 EPS by 1c, Raises FY11 Revenue Guidance
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China Kanghui Holdings (NYSE: KH) reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $12.7 million versus the consensus estimate of $12.05 million.
The Company anticipates revenue for full year 2011 to increase to the range of RMB313 million to RMB318 million, which represents a year-over-year growth of 29% to 31%. This compares to the Company's previous 2011 revenue guidance of RMB303 million to RMB313 million. The Company estimates non-GAAP net income for full year 2011 will increase to the range of RMB124 million to RMB128 million, compared to its previous estimate of RMB122 million to RMB127 million.
The Company anticipates revenue for full year 2011 to increase to the range of RMB313 million to RMB318 million, which represents a year-over-year growth of 29% to 31%. This compares to the Company's previous 2011 revenue guidance of RMB303 million to RMB313 million. The Company estimates non-GAAP net income for full year 2011 will increase to the range of RMB124 million to RMB128 million, compared to its previous estimate of RMB122 million to RMB127 million.
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