Key Developments: China Green Agriculture Inc (CGA)
2.82USD
19 Jun 2013
$0.01 (+0.36%)
$2.81
$2.80
$2.85
$2.80
19,350
57,034
$4.56
$2.74
Latest Key Developments (Source: Significant Developments)
China Green Agriculture Inc Issues Q4 2013 Guidance; Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
China Green Agriculture Inc announced that for the fourth quarter of 2013, it expects net sales of $57.9 to $72.9 million, net income of $12.5 to $14.5 million, and EPS of $0.45 to $0.52 based on 27.7 million fully diluted weighted average shares outstanding. For fiscal 2013, management expects net sales of $205.2 million to $220.7 million, net income of $43.0 million to $45.0 million, and an EPS of $1.55 to $1.62 based on 27.7 million weighted average shares. Full Article
China Green Agriculture Inc Issues Q3 2013 Guidance; Lowers FY 2013 Guidance
China Green Agriculture Inc announced that for the third quarter of 2013, it expects net sales of $60.0 to $65.0 million, net income of $12.0 to $13.0 million, and EPS of $0.43. For fiscal 2013, it now expects net sales of $205.0 million to $220.0 million, net income of $43.0 million to $45.0 million, and an EPS of $1.55 to $1.62. Full Article
China Green Agriculture Inc Issues Q2 2013 Guidance; Reaffirms FY 2013 Guidance
China Green Agriculture Inc announced that for second quarter of 2013, it expects net sales in the range of $47.2-$50.8 million, net income in the range of $8.0-$9.0 million, and EPS in the range of $0.29-$0.33. The Company reaffirmed fiscal 2013 guidance and expects net sales in the range of $238.0-$255.9 million, net income in the range of $46.2-$49.2 million, and earnings per share (EPS) in the range of $1.68-$1.79. Full Article
China Green Agriculture Inc Issues FY, Q1 2013 Guidance
China Green Agriculture Inc announced that for fiscal 2013, it expects net sales of $238.0 million to $255.9 million, net income of $46.2 million to $49.2 million, and earnings per share (EPS) of $1.68 to $1.79 based on 27.5 million weighted average shares. For the first quarter of 2013, it expects net sales of $35.6 to $38.2 million, net income of $9.5 to $10.1 million, and EPS of $0.35 to $0.37 based on 27.5 million weighted average shares. Full Article
China Green Agriculture, Inc Issues Q4 2012 Guidance; Raises FY 2012 Guidance
China Green Agriculture, Inc announced that for the fourth quarter of 2012, it expects revenue to be in the range of $52.5 million to $68.2 million, net income to be in the range of $7.2 million to $9.8 million and earnings per share (EPS) in the range of $0.27 to $0.36. The Company raised its fiscal 2012 guidance and expects revenue to be in the range of $212.7 million to $228.4 million, net income to be in the range of $38.0 million to $40.6 million and EPS in the range of $1.41 to $1.50. Full Article
China Green Agriculture, Inc Announces Dismissal Of All Of Shareholder Derivative Actions
China Green Agriculture, Inc announced that all of the shareholder derivative actions pending against certain of the Company's current and former officers and directors and its auditor have been resolved and dismissed. On March 30, 2012, the judge of the First Judicial District Court of the State of Nevada in and for Carson City (the State Court) issued an Order of Final Approval of the Settlement in the three consolidated shareholder derivative actions pending before the State Court and dismissed those actions. The dismissal and judgment was entered on April 5, 2012. As a result of this settlement, all the derivative claims are released. The plaintiffs' legal fees and expenses of $650,000 have been paid by the defendants' insurers. In connection with the settlement of the derivative claims, on April 5, 2012, the Judge in the United States District Court of Nevada (the Nevada Federal Court) dismissed the federal derivative action. The dismissal of the four derivative actions does not involve the class action lawsuit filed in the Nevada Federal Court on October 15, 2010. Full Article
China Green Agriculture, Inc Reaffirms FY 2012 Guidance
China Green Agriculture, Inc announced that it expects the performance of fertilizer subsidiaries will remain strong and reaffirmed guidance for the fiscal 2012 of net sales between $212.3 million and $228.0 million, net income of $37.9 million to $40.5 million and EPS of $1.41 to $1.51. Full Article
China Green Agriculture, Inc Announces Court's Preliminary Approval Of Proposed Settlement Of Shareholder Derivative Cases
China Green Agriculture, Inc announced that, on February 1, 2012, the First Judicial District Court of the State of Nevada in and for Carson City (Court) preliminarily approved the proposed settlement of all of the four pending derivative actions brought on behalf of China Green Agriculture, Inc. Subject to the Court's final approval, the proposed settlement will result in a release of all claims and does not provide for the payment of monetary compensation to shareholders. Instead, it provides for the adoption by the Company certain significant corporate governance reforms designed to strengthen the Company's internal controls and for the payment of plaintiffs' attorneys' fees and expenses of $650,000, all to be contributed by the insurers. The proposed settlement does not involve the pending class action lawsuit filed against the Company and certain of its current and former officers in the United States District Court for the District of Nevada on October 15, 2010. Full Article
China Green Agriculture, Inc Issues Q3 2012 Guidance; Raises FY 2012 Revenue Guidance; Reaffirms FY 2012 Earnings Guidance
China Green Agriculture, Inc announced that for third quarter of 2012, it expects revenue to be in the range of $53.0-$56.4 million, net income to be in the range of $9.7-$10.7 million and earnings per share (EPS) in the range of $0.36-$0.40. The Company raised fiscal 2012 revenue guidance to a range of $212.3-$228.0 million. The Company reaffirmed fiscal 2012 net income and EPS guidance to a range of $37.9 million to $40.5 million and $1.41 to $1.51. Full Article
China Green Agriculture, Inc Issues Q2 2012 Guidance; Raises FY 2012 Guidance
China Green Agriculture, Inc announced that for the second quarter of 2012, it expects net sales of $40.9-$44.8 million, net income of $6.9-$7.5 million, and earnings per share (EPS) of $0.26-$0.28. For fiscal 2012, it expects net sales of $211.8-$226.7 million, net income of $37.9-$40.5 million, and EPS of $1.41-$1.51. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
