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This Quarter's Sentiment:
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From the Blogosphere
Morning Movers 10/16: eBay (EBAY) Lower On Results; Credit Suisse (CS), UBS (UBS) Advance
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StreetInsider.com Morning Movers:China TechFaith (NASDAQ: CNTF) 40% HIGHER; raises its Q3 sales guidance from $30-$35 million to about $43 million.Universal Forest Products, Inc. (Nasdaq: UFPI) 20% LOWER; reports Q3 loss of $0.01, may not compare to the analyst estimate of $0.36. Revenues for the quarter were $610.7 million, versus the consensus of $626.39 million. Universal Forest Products does not believe its previous sales and earnings targets for 2008 are achievable.Credit Suisse Group (NYSE: CS) 12% HIGHER; raised capital.Peabody Energy (NYSE: BTU) 10% HIGHER; reports Q3 EPS of $1.38, ...
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Pre-Open Movers 8/19: Staples (SPLS) Lower on Guidance; WellCare Health Plans (WCG) Higher on Medicaid Agreement
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<>StreetInsider.com Pre-Open Movers:
China TechFaith (NASDAQ: CNTF) 25% LOWER; reports Q2 EPS of $0.09, 1 cent better than the analyst estimate of $0.08. Revenues for the quarter were $56.6 million, versus the consensus of $52.84 million. Sees Q3 revenues of $30-$35 million, versus the consensus of $59.8 million.
WellCare Health Plans, Inc. (NYSE: WCG) 16% HIGHER; disclosed that on August 18, 2008, the Company entered into an agreement with AHCA, the United States Attorney's Office for the Middle District of Florida and the Florida Attorney General's Medicaid Fraud Control Unit pursuant to wh...
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Dutton Associates Featured Company: Qiao Xing Universal Telephone, Inc. (XING)
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<>Qiao Xing Universal Telephone, Inc. is principally engaged in the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, and the production and sale of mobile phones and accessories, throughout all of China. The company has grown substantially since they first started original design manufacturing (ODM) in 1992, and today has become the fourth-largest domestic manufacturer of mobile phones. Over the years, they have expanded their product lines to cover telecommunications terminals and related products, including conventional fixed line telephone, fix...
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Dutton Associates Featured Company: Qiao Xing Universal Telephone, Inc. (XING)
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<>Qiao Xing Universal Telephone, Inc. is principally engaged in the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, and the production and sale of mobile phones and accessories, throughout all of China. The company has grown substantially since they first started original design manufacturing (ODM) in 1992, and today has become the fourth-largest domestic manufacturer of mobile phones. Over the years, they have expanded their product lines to cover telecommunications terminals and related products, including conventional fixed line telephone, fix...
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After-Hours Movers 5/19: China TechFaith (CNTF) Lower on Results, The9 Limited (NCTY) Higher
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<>StreetInsider.com After-Hours Movers:
Loral Space & Communications, Inc. (Nasdaq: LORL) 19% LOWER; reports a Q1 loss of $3.83. Revenues for the quarter were $386 million.
China TechFaith Wireless Com Tech (Nasdaq: CNTF) 14.5% LOWER; reports Q1 EPS of $0.07, 1 cent lower than the analyst estimate of $0.08. Revenues for the quarter were $49.6 million, versus the consensus of $48.67 million. Sees Q2 revs of $52-$54 million, versus the consensus of $52 million.
The9 Limited (Nasdaq: NCTY) 9% HIGHER; reports Q1 EPS of $0.46, 8 cents better than estimates. Revenues were $65.9 million vs. $58.1 mi...
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About China TechFaith Wireless Communication Technology Ltd
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