China Information Technology, Inc. (CNIT) Swings to Q1 Loss; Reaffirms Outlook

China Information Technology, Inc. (NASDAQ: CNIT) reported Q1 EPS of ($0.11), $0.42 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $16.3 million versus the consensus estimate of $26.9 million.

China Information Technology, Inc. reaffirmed FY2012 guidance.

For earnings history and earnings-related data on China Information Technology, Inc. (CNIT) click here.

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