Key Developments: AirMedia Group Inc (AMCN.O)
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22 May 2013
$0.02 (+1.04%)
$1.92
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$1.85
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$2.90
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Latest Key Developments (Source: Significant Developments)
AirMedia Group Inc Issues Q2 2013 Revenue Guidance
AirMedia Group Inc announced that for the second quarter of 2013, it expects net revenues to range from US$63.0 million to US$65.0 million. Full Article
AirMedia Group Inc Issues Q1 2013 Revenue Guidance Below Analysts' Estimates
AirMedia Group Inc announced that for the first quarter of 2013, it expects net revenues to range from $61.0 million to $63.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $65.9 million for the first quarter of 2013. Full Article
AirMedia Group Inc Raises Q4 2012 Revenue Guidance
AirMedia Group Inc announced that for the fourth quarter of 2012, it expects its net revenues to be between $81.0 million and $83.0 million, as compared to the previously announced net revenue guidance of $77.0 million to $80.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report $78 million for the fourth quarter of 2012. Full Article
AirMedia Group Inc Issues Q4 2012 Revenue Guidance Above Analysts' Estimates
AirMedia Group Inc announced that for the fourth quarter of 2012, it expects net revenues to range from $77.0 million to $80.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report $76 million for the fourth quarter of 2012. Full Article
AirMedia Group Inc Increases Share Repurchase Program
AirMedia Group Inc announced that Board of Directors has approved to increase the size of previously announced share repurchase program to USD40 million from USD20 million and to extend the termination date of the share repurchase program to March 20, 2014 from March 20, 2013. The other terms of the share repurchase program will remain unchanged. Under the expanded share repurchase program, AirMedia has been authorized, but not obligated, by Board of Directors to repurchase a total of up to USD40 million worth of outstanding American Depositary Shares (ADSs) until March 20, 2014. As of September 23, 2012, AirMedia had repurchased an aggregate of 4,347,601 ADSs on the open market for a total consideration of USD13.1 million, and is authorized to purchase up to USD26.9 million worth of additional ADSs under the expanded share repurchase program. Full Article
AirMedia Group Inc Announces Resignation of Chief Financial Officer and Appointment of New Chief Financial Officer
AirMedia Group Inc announced the appointment of Henry Ho as Chief Financial Officer of the Company (CFO), effective September 1, 2012. Mr. Ho will replace Ms. Ping Sun as CFO. Ms. Sun tendered her resignation as Chief Financial Officer due to personal reasons, effective August 31, 2012. Full Article
AirMedia Group Inc Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
AirMedia Group Inc announced that it expects its total revenues for the third quarter of 2012 to range from USD71.0 million to USD73.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report USD78.9 for the third quarter of 2012. Full Article
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