Global Sources Ltd., a business-to-business media company for the Chinese market, reported revenue for the fourth quarter ended December 2007 was $60.8 million, up 16% from $52.3 million. Net income for the fourth quarter was $8.1 million, or $0.17 per diluted share compared with $15.3 million, or $0.33 per diluted share or the fourth same quarter of 2006.
For the fiscal year ended 2007 revenue was $182.1 million, compared to $156.5 million for the year ended 2006. Net income for the full year was $24.0 million, or $0.51 per diluted share versus $27.9 million, or $0.60 per diluted share for the year ended 2006.
Revenue for the first quarter 2008 ending March 31, 2008 is expected to be between $39.5 million and $40.0 million, representing a gain of 13% to 15% over first quarter 2007.
Revenue for the six-month period ending June 30, 2008 is expected to be in the range of $101.0 million to $102.5 million. Compared to $87.5 million for the first six months of 2007, this represents an increase of 15% to 17%.
Global Source (
GSOL: chart) stock added 64 cents to close at $15.00
IDT Corporation holding company for wholesale and retail telecom services announces operating results for the fiscal second quarter 2008 ended January 31, 2008 revenues for the quarter declined to $476.74 million from $512.5 million in the earlier year.
Net loss of second quarter ended January 2008 widened to $62.5 million or diluted net loss was 83 cents compared to net loss of $27.0 million or net loss of 33 cents for the same quarter of 2007.
IDT Corp (
IDT: chart) fell $2.00 to close at $3.70.
The Princeton Review, Inc. education and testing services provider reported fourth quarter ended December 31, 2007 revenue increased 7% to $36.4 million from $34.0 million a year ago.
Net loss for the fourth quarter 2007, was $18.8 million, or $0.67 per share, compared with a net loss of $4.7 million, or $0.17 per share, in the same quarter of 2006.
For the full year ended December 31, 2007, revenue increased 8.5% to $146.6 from $135.2 million in the last year 2006.
For the full year 2007, net loss was $31.0 million, or $1.11 per share, as compared to a net loss of $10.7 million, or $0.39 per share, a year-ago.
Looking ahead, for the full year 2008, the company expects revenue growth to be between 10% and 13% including the acquisition of the TSI franchise completed on March 7, 2008.
Princeton (
REVU: chart) stock lost 79 cents to $6.94.