Shares in Lihua International (NASDAQ:LIWA) were up nearly 3% in recent pre-market trading on Monday after the electric components and equipment company said it expects year-over-year improvement of 3% to 6.6% in its non-GAAP earnings for 2014. Q4 2013 results, however, declined from last year.
Sales for the quarter were $217.3 million, resulting in net income of $13.2 million, or $0.44 per share. Non-GAAP net income was $13.3 million, or $0.44 per diluted share.
In the same period last year, net income was $15.8 million, or $0.52 per share, on sales of $254.9 million. Non-GAAP net income was $15.9 million, or $0.52 per diluted share.
For 2014, the company estimates non-GAAP net income to be in the range of $58 million to $60 million. Analyst estimates weren’t available for comparison.
Lihua International (LIWA) closed at $5 Friday regular hours in a 52-week range of $4.60 – $6.45.
Roadrunner Transportation Systems (NYSE:RRTS) said it has acquired all the stock of Unitrans International Corporation for $55.5 million, financed by borrowings under a credit facility.
In 2013, Unitrans had sales of approximately $84 million. The deal is expected to be accretive to Roadrunner (NYSE:RRTS) earnings in 2014.
The provider of international logistics services said Unitrans offers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.
In 2013, Unitrans had sales of approximately $84 million. The deal is expected to be accretive to Roadrunner earnings in 2014.
RRTS (NYSE:RRTS) closed lower 0.2% on Friday, trading above the midpoint of the 52-week range between $21.17 and $30.98. The stock was unchanged in pre-market trade.
Discover more from Tech News
Subscribe to get the latest posts sent to your email.
