Key Developments: China Information Technology Inc (CNIT.O)
2.80USD
14 Jun 2013
$-0.01 (-0.53%)
$2.81
$2.86
$2.94
$2.80
23,142
187,711
$3.23
$0.71
Latest Key Developments (Source: Significant Developments)
China Information Technology, Inc. Comments On FY 2012 Net Income Guidance; Comments On FY 2013 Revenue Guidance
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
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. Issues FY 2012 Guidance
China Information Technology, Inc. announced that for fiscal 2012, it expects revenue in the range of $110-$120 million and net income in the range of $3-$5 million. Full Article
China Information Technology, Inc. Announces Appointment Of New CFO
China Information Technology, Inc. announced the appointment of Mr. Daniel K. Lee, CFA, CPA, as Chief Financial Officer, effective December 12, 2011. Mr. Lee replaced Mr. Zhi Qiang Zhao, previously the Company's Interim Chief Financial Officer, who will remain as its Chief Operating Officer. Full Article
China Information Technology, Inc. Lowers FY 2011 Guidance; Issues FY 2012 Guidance
China Information Technology, Inc. announced that it now adjusts guidance for fiscal 2011 and expects revenue to be between $100-$110 million, as compared with the previously announced revenue guidance of $165-$187 million and adjusted net income is expected to be between $15-$16 million, as compared with the previously announced revenue guidance of $42-$45 million, excluding any non-cash expenses as a result of employee stock awards, amortization of intangible assets associated with acquisitions and changes in fair value of contingent considerations. For fiscal 2012, it expects revenues to be between $110-$125 million and adjusted net income to be between $9-$11 million, excluding any non-cash expenses as a result of employee stock awards, amortization of intangible assets associated with acquisitions and changes in fair value of contingent considerations. Full Article
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