VisionChina Media, Inc. (VISN) Reports Q2 EPS of $0.42, Provides Q3 Outlook

VisionChina Media, Inc. (NASDAQ: VISN) reported Q2 EPS of $0.42. Revenue for the quarter came in at $30.5 million versus $26.7 million last year.

Business Outlook

The Company estimates its advertising service revenue for the third quarter of 2014 will be between $30.0 million and $31.5 million, representing year-over-year growth of 6.5% to 11.8%.

These estimates are based on an exchange rate of RMB 6.1614 per $1.00.

The Company notes that its guidance is based on its current network that, as of the date of this press release, has been secured by exclusive agency agreements or joint venture contracts. If the number of cities in the Company's network expands or contracts, or if there is any development that affects management's assessment of the expected settlement arrangement, management's forecast could be affected.

For earnings history and earnings-related data on VisionChina Media, Inc. (VISN) click here.

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