Quote from: kslifka on October 04, 2007, 01:16:39 PM
China stock up on earnings guidance.
After Hour
http://quotes.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?mode=&page=afterhours&symbol=ORS&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=ors&FormType=&kind=&Leap=&mkttype=after&sel=afterhours&userinput=&x=0&y=0 (http://quotes.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?mode=&page=afterhours&symbol=ORS&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=ors&FormType=&kind=&Leap=&mkttype=after&sel=afterhours&userinput=&x=0&y=0)
Orsus sees higher Q3 revenue
Thu Oct 4, 2007 10:33am EDT
Oct 4 (Reuters) - Orsus Xelent Technologies Inc (ORS.A: Quote, Profile, Research) said it expects third-quarter revenue to rise more than 20 percent from a year ago, helped by product development programs and the onset of its strongest yearly sales season.
The company, which manufactures mobile phones for the Asian market, primarily China, had reported revenue of $20.5 million in the year-ago third quarter.
15:07 ORS Orsus Xelent Technologies -- putting on your radar in the event China stocks continue to find buyers (4.55 +1.30) -Update-
Just wanted to provide a little more background on Orsus Xelent Technologies (ORS), which guided higher this morning. It is a China-based emerging designer and manufacturer of mobile phones for the Asian market, primarily for China. The co says it had a "very robust Q3," with more than 20% rev growth which computes to $24.6 mln.... Q3 is probably a seasonally strong qtr, but 50% sequential growth is pretty impressive. Also, its seasonally strongest qtr (Q4) is shaping up nicely. The co is seeing very positive order trends for new models. The co is starting to show results from its recent transition from low-end to mid- and high-end products. Bottom Line, we have seen a lot of examples where a small Chinese tech company nobody has ever heard of comes out with a strong report. There is often an initial pop on the news, but we also see a few days of follow-thru. As such, we wanted to put ORS on your radar, especially in light of the big move in Chinese stocks. The fundamentals look pretty good as the co is profitable and Q3 marks a 50% sequential revenue improvement heading into what appears will be a very strong Q4. (PROFX)
Bought back into ORS yesterday. Watch this one. Looks ready to have a substantial move up
Profitable China company that recently upped guidance. Looking good here :D