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ChinaNet Online Holdings (CNET) Misses Q2 EPS by 3c; Eliminates Guidance

August 16, 2011 7:34 AM EDT
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Price: $0.91 -9%

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ChinaNet Online Holdings, Inc. (NASDAQ: CNET) reported Q2 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $9.1 million versus the consensus estimate of $13.02 million.

Due to uncertainties surrounding the economic environment and monetary policies in China and its impact on small business customers, ChinaNet will no longer provide financial guidance.


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