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China Techfaith Wireless Communication Technology Limited (CNTF) ("TechFaith" or the "Company") announced yesterday after the close its unaudited financial results for the first quarter ended March 31, 2010.
For the first quarter of 2010, TechFaith reported net revenue of US$60.9 million (RMB 415.8 million), a 1.8% increase compared to US$59.8 million (RMB 408.3 million) in the fourth quarter of 2009 and a 25.1% increase compared to US$48.7 million (RMB 332.9 million) in the same period of last year. Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year. Net income attributable to Techfaith for the first quarter of 2010 was US$6.9 million (RMB47.1 million), compared to US$3.1 million (RMB21.2 million) in the fourth quarter of 2009, and US$2.1 million (RMB14.4 million) in the same quarter of last year. The stock is up more than 30 percent on well above average trading volume.
ECOtality, Inc. (ECTY), a leader in clean electric transportation and storage technologies, will begin trading its common stock on the NASDAQ Capital Market today. The company commenced trading on the nasdaq exchange up over 8 percent.
Freehotpennystocks.com alerts its members on any stocks from penny stocks to NYSE stocks. Our penny stock forum offers free penny stock trading videos, trading software and broker reviews to our members. Our investing forum has discussions on hot penny stocks to long term investments. All the penny stocks that we alert on have above average trading volume, strong news and penny stocks that are moving to the upside quickly. Our penny stock newsletter is great for investors who are starting in the stock market and want a place for information. If you are interest in seeing hot penny stocks and want free penny stock picks come visit freehotpennystocks.com for a free membership. We also track pink sheet companies and other stocks that may be positioned to break out in our weekly stock report. Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. If you are an small cap ir firm and want your company profiles please email us at the email below.
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China Techfaith Wireless Communication Technology Limited (CNTF) ("TechFaith" or the "Company") announced yesterday after the close its unaudited financial results for the first quarter ended March 31, 2010.
For the first quarter of 2010, TechFaith reported net revenue of US$60.9 million (RMB 415.8 million), a 1.8% increase compared to US$59.8 million (RMB 408.3 million) in the fourth quarter of 2009 and a 25.1% increase compared to US$48.7 million (RMB 332.9 million) in the same period of last year. Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year. Net income attributable to Techfaith for the first quarter of 2010 was US$6.9 million (RMB47.1 million), compared to US$3.1 million (RMB21.2 million) in the fourth quarter of 2009, and US$2.1 million (RMB14.4 million) in the same quarter of last year. The stock is up more than 30 percent on well above average trading volume.
ECOtality, Inc. (ECTY), a leader in clean electric transportation and storage technologies, will begin trading its common stock on the NASDAQ Capital Market today. The company commenced trading on the nasdaq exchange up over 8 percent.
Freehotpennystocks.com alerts its members on any stocks from penny stocks to NYSE stocks. Our penny stock forum offers free penny stock trading videos, trading software and broker reviews to our members. Our investing forum has discussions on hot penny stocks to long term investments. All the penny stocks that we alert on have above average trading volume, strong news and penny stocks that are moving to the upside quickly. Our penny stock newsletter is great for investors who are starting in the stock market and want a place for information. If you are interest in seeing hot penny stocks and want free penny stock picks come visit freehotpennystocks.com for a free membership. We also track pink sheet companies and other stocks that may be positioned to break out in our weekly stock report. Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. If you are an small cap ir firm and want your company profiles please email us at the email below.
Please click here to read the full disclaimer at http://www.freehotpennystocks.com/disclaimer.html
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Resultz Media
Michael Ryan
Tel: 877-301-9737
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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