China Finance (JRJC $3.62 -0.34) reported first quarter earnings of
$0.06 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.03.
Revenues fell 1.3% year/year to $15 million versus the $14.7 million consensus.
For the fiscal year 2011, the company lowered its revenue guidance to $55.0
million versus the $58.89 million Capital IQ Consensus Estimate, down from $58
million.
The company also lowered its non-GAAP net income guidance to a loss of $1
million from $3 million in light of weakening investor sentiment regarding the
languishing Chinese stock market and the impact of new Chinese regulations on
both the company's revenues and costs.






