Key Developments: China Information Technology Inc (CNIT.O)

CNIT.O on Nasdaq

5.01USD
23 Apr 2014
Price Change (% chg)

$0.01 (+0.20%)
Prev Close
$5.00
Open
$4.96
Day's High
$5.17
Day's Low
$4.77
Volume
47,673
Avg. Vol
107,470
52-wk High
$7.49
52-wk Low
$1.09

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Latest Key Developments (Source: Significant Developments)

China Information Technology Inc gives FY 2014, 2015, 2016 outlook
Tuesday, 15 Apr 2014 07:00am EDT 

China Information Technology Inc:Sees FY 2014 total revenue to be in the range of $100 - $120 million.Adjusted net income in the range of $6 - $8 million, excluding any non-cash expenses as a result of employee stock awards, and amortization of intangible assets and land use rights.In addition, it expects to achieve 50 pct adjusted net income growth in FY 2015 and FY 2016.  Full Article

China Information Technology Inc announces resignation of chief financial officer
Friday, 14 Mar 2014 06:00am EDT 

China Information Technology Inc:Daniel K. Lee, Chief Financial Officer (CFO), has tendered his resignation for personal reasons.Lee will remain with for transition period till April 15.Board will initiate search for his successor immediately.  Full Article

China Information Technology Inc Announces $9 Million Share Repurchase
Friday, 4 Oct 2013 07:00am EDT 

China Information Technology Inc announced that the Company's Board of Directors has approved a $9.0 million share repurchase program.  Full Article

China Information Technology Inc Announces $9 Million Share Repurchase
Friday, 4 Oct 2013 07:00am EDT 

China Information Technology Inc announced that the Company's Board of Directors has approved a $9.0 million share repurchase program.  Full Article

China Information Technology, Inc. Comments On FY 2012 Net Income Guidance; Comments On FY 2013 Revenue Guidance
Tuesday, 7 Aug 2012 08:01am EDT 

China Information Technology, Inc. announced that the difficult macro conditions will continue to negatively impact the Company business for the rest of the fiscal 2012 and thus for fiscal 2012, it expects non-GAAP (excluding goodwill impairment, amortization of intangible assets, and other asset write-downs) net income to be at a loss. As the fiscal environment improves and as continue to penetrate new markets such as interactive education the Company expect to regain profitability in fiscal 2013.  Full Article

China Information Technology, Inc. Comments On FY 2012 Net Income Guidance; Comments On FY 2013 Revenue Guidance
Tuesday, 7 Aug 2012 08:01am EDT 

China Information Technology, Inc. announced that the difficult macro conditions will continue to negatively impact the Company business for the rest of the fiscal 2012 and thus for fiscal 2012, it expects non-GAAP (excluding goodwill impairment, amortization of intangible assets, and other asset write-downs) net income to be at a loss. As the fiscal environment improves and as continue to penetrate new markets such as interactive education the Company expect to regain profitability in fiscal 2013.  Full Article

China Information Technology, Inc. Reiterates FY 2012 Guidance
Friday, 4 May 2012 07:00am EDT 

China Information Technology, Inc. announced that for fiscal 2012, it reiterated guidance with projected revenues in the range of $110-$120 million and net income in the range of $3-$5 million.  Full Article

China Information Technology, Inc. Reiterates FY 2012 Guidance
Friday, 4 May 2012 07:00am EDT 

China Information Technology, Inc. announced that for fiscal 2012, it reiterated guidance with projected revenues in the range of $110-$120 million and net income in the range of $3-$5 million.  Full Article

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