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Jinpan International Ltd Issues FY 2013 Guidance; Net Income Guidance Below Analysts' Estimates

Friday, 15 Mar 2013 06:30am EDT 

Jinpan International Ltd announced that for fiscal 2013, it currently anticipates net sales of $231-$241 million, and net income of $14.0-$14.5 million. Net profit is expected to trend at lower levels in fiscal 2013 primarily due to fixed costs associated with the Company's Guilin facility. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $233 million and net income of $16.7 million for fiscal 2013. 

Company Quote

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17 Apr 2014