Filed under: Earnings reports, Internet, Technical Analysis, Stocks to Buy

The sort of financial information we all take for granted in the west is not quite so universally available in China. A leader in the business of correcting that condition is headquartered in Beijing.

China Finance Online (NASDAQ: JRJC) provides online financial data and analytics to customers in the People’s Republic of China. The firm serves individual users and institutional clients with subscription-based packages that integrate financial and listed company information from multiple sources. Users can obtain financial news, research reports, real-time stock quotes and historical financial information for China’s listed stocks, bonds and mutual funds. Database operations include search, retrieval, delivery, storage and analysis functions.

The stock popped in late September and early October on several instances of positive analyst commentary, word of a financial database development agreement with Tsinghua University, and a company announcement of favorable guidance. Management expected Q3 revenues of $7.1-7.5 million, versus prior guidance of $6.7-7.1 million and Street consensus of $6.75 million. The firm also anticipated FY08 revenues of $45-51 million, versus consensus of $40.87 million.

Continue reading China Finance Online (JRJC): Financial news for the People’s Republic

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This entry was posted on Wednesday, October 17th, 2007 at 2:12 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.