CDC 1Q adjusted earns, revenue top Wall Street estimates

Date : 05/21/2008 @ 5:08PM
Source : TFN
Stock : Cdc Corporation (CHINA)
Quote : 1.15  -0.18 (-13.53%) @ 8:00PM
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CDC 1Q adjusted earns, revenue top Wall Street estimates

        NEW YORK (Thomson Financial) - CDC Corp. reported late Wednesday
first-quarter adjusted earnings from continuing operations of $80,000, or
breakeven on a per-share basis, compared with $10.7 million, or 8 cents a share,
in the same period a year earlier.
    The mean estimate of analysts polled by Thomson Reuters was for a loss of a
penny a share. 
    Revenue for the period ended March 31 rose to $98.3 million from last year's
$88 million. Analysts had expected $97.7 million.
    Shares of the Beijing-based enterprise software and new media company closed
the regular session at $3.54.
Wanfeng Zhou
wz/gm

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