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China Green Agriculture Inc. Bottom Line Climbs 28% In Q2

China Green Agriculture Inc. (CGA) revealed earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line rose to $5.5 million, or $0.15 per share. This was higher than $4.3 million, or $0.12 per share, in last year's second quarter.

The company said revenue for the quarter rose 3.5% to $59 million. This was up from $57 million last year.

China Green Agriculture Inc. earnings at a glance:

-Earnings (Q2): $5.5 Mln. vs. $4.3 Mln. last year.
-Earnings Growth (Y-o-Y): 27.9%
-EPS (Q2): $0.15 vs. $0.12 last year.
-EPS Growth (Y-o-Y): 25.0%
-Revenue (Q2): $59 Mln vs. $57 Mln last year.
-Revenue Change (Y-o-Y): 3.5%

-Guidance:
Next quarter EPS guidance: $0.1 - $0.18
Next quarter revenue guidance: $72 - $82 Mln
Full year EPS guidance: $0.52 - $0.7
Full year revenue guidance: $277 - $300 Mln

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A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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