6.17.2011

Post Market Earning Scan: RIMM, CFI, JRJC

The following article covers a topic that has recently moved to center stage--at least it seems that way. If you've been thinking you need to know more about it, here's your opportunity.

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Analysts had forecasted earnings of $1.32 per share on revenue of $5.15 billion for the company. Shares gained 0.45 percent or 16 cents to close at $35.47.
Culp Inc. (NYSE: CFI), a leading manufacturer and distributor of textile fabrics to the furniture and upholstery industries, registered net income of $6 million, or 45 cents per diluted share in its fiscal 2011 fourth quarter, compared with net income of $5.4 million, or 41 cents per share a year earlier. Analysts had forecasted earnings of 25 cents per share for the company. Net sales during the quarter were $60.4 million, up 5.5 percent from the corresponding quarter. Shares added 3.36 percent or 25 cents to trade at $7.68.
China Finance Online CO. Ltd. (Nasdaq: JRJC), China’s online financial information and services company, reported net income of $1.4 million, or 6 cents per diluted share in its fiscal first-quarter, compared with a net income of $0.14 million, or 1 cent per diluted share a year earlier. Analysts had estimated earnings of 6 cents per share for the company. Shares were down 6.57 percent or 26 cents to trade at $3.70 in the after-hours trading.

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