VisionChina (VISN) Reports Q2 Loss Per Share of $0.03, Offers Q3 Outlook

VisionChina (NASDAQ: VISN) reported Q2 EPS of ($0.03), versus $0.42 reported last year. Revenue for the quarter came in at $23.2 million, versus $30.5 million reported last year.

Business Outlook

For the third quarter of 2015, the Company expects to generate advertising service revenue in the range of $22.6 million to $23.2 million, representing quarter-over-quarter growth of 1.8% to 4.5%.

The guidance is based on an exchange rate of RMB6.2500 per $1.00.

The Company notes that its guidance is based on its current network that, as of the date of this press release, has been secured by exclusive agency agreements or joint venture contracts. If the number of cities in the Company's network expands or contracts, management's forecast could be affected.

For earnings history and earnings-related data on VisionChina (VISN) click here.

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