China Green Agriculture Inc. (CGA) reported a profit for third quarter that dropped from last year.
The company said its earnings declined to $8.3 million, or $0.22 per share. This was lower than $9.9 million, or $0.29 per share, in last year's third quarter.
The company said revenue for the quarter fell 1.1% to $78.6 million. This was down from $79.5 million last year.
China Green Agriculture Inc. earnings at a glance:
-Earnings (Q3): $8.3 Mln. vs. $9.9 Mln. last year.
-Earnings Decline (Y-o-Y): -16.2%
-EPS (Q3): $0.22 vs. $0.29 last year.
-EPS Decline (Y-o-Y): -24.1%
-Revenue (Q3): $78.6 Mln vs. $79.5 Mln last year.
-Revenue Change (Y-o-Y): -1.1%
-Guidance:
Next quarter EPS guidance: $0.08 - $0.19
Next quarter revenue guidance: $74 - $80 Mln
Full year EPS guidance: $0.62 - $0.73
Full year revenue guidance: $264 - $270 Mln
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