Key Developments For Jinpan International Limited
Jinpan International Limited (JST.O) (Nasdaq)
Jinpan International Limited Raises FY 2009 Earnings Guidance; Reaffirms FY 2009 Revenue Guidance
Jinpan International Limited revised its fiscal 2009 guidance and expects net sales of approximately $154-$159 million, net income of approximately $28-$29 million and diluted earnings per share (EPS) to be $3.40-$3.54. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.82 on revenue of $157 million for fiscal 2009.
Jinpan International Limited Announces Opening of New U.S. Facility
Jinpan International Limited announced the opening of a new, Carlstadt, New Jersey based office and warehouse facility.
Jinpan International Limited Reaffirms FY 2009 EPS Guidance; Lowers FY 2009 Revenue Guidance
Jinpan International Limited revised its fiscal 2009 guidance and expects net sales of approximately $154-$159 million, net income of approximately $22.5-$23.3 million and diluted earnings per share (EPS) to be $2.75-$2.85. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.81 on revenue of $179 million for fiscal 2009.
Jinpan International Limited Announces Date Of Second 2009 Dividend Payment
Jinpan International Limited announced the date in which the Company will pay the second portion of its annual dividend payment. In February 2009, the Company announced an annual dividend of $0.24 per common share, half of which was payable to shareholders in February 2009. The second half, or $0.12, of this annual dividend payment will be payable on July 10, 2009 to shareholders of record as of June 30, 2009.
Jinpan International Limited Reiterates FY 2009 Outlook
Jinpan International Limited reiterated its fiscal 2009 outlook and expects net sales of approximately $176-$182 million, net income of approximately $22.5-$23.3 million and diluted earnings per share (EPS) to be $2.75-$2.85.
