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Sutor Technology Group Limited Reaffirms FY 2012 And FY 2013 Guidance
Sutor Technology Group Limited reaffirmed guidance and expects both revenue and net income to grow at a compound annual growth rate (CAGR) of approximately 25% to 35% for fiscal 2012 and fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $503 million and net income of $15.58 million for fiscal 2012; revenue of $633 million and net income of $19.17 million for fiscal 2012.
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